FingerMotion, Inc. (NASDAQ:FNGR) Stock Short Interest Report for September

FingerMotion, Inc. (NASDAQ:FNGR) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 11,696,865 shares, an increase of 216.6% from the September 15th total of 3,694,448 shares. Based on an average trading volume of 49,731,968 shares, the days-to-cover ratio is presently 0.2 days. Approximately 20.0% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of FingerMotion in a report on Friday, September 18th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Trading of FingerMotion

A hedge fund recently raised its position in FingerMotion stock. Platform Technology Partners grew its stake in shares of FingerMotion, Inc. (NASDAQ:FNGR) by 54.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 259,643 shares of the company’s stock after acquiring an additional 92,028 shares during the period. Platform Technology Partners owned about 0.42% of FingerMotion worth $258,000 at the end of the most recent reporting period. 3.90% of the stock is owned by institutional investors and hedge funds.

FingerMotion Stock Up 6.7%

FingerMotion stock opened at $0.20 on Wednesday. FingerMotion has a 52 week low of $0.13 and a 52 week high of $1.74. The company’s 50 day moving average price is $0.21 and its two-hundred day moving average price is $0.51. The stock has a market cap of $14.33 million, a P/E ratio of -1.65 and a beta of -0.33.

FingerMotion (NASDAQ:FNGR) last announced its earnings results on Wednesday, July 15th. The company reported ($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.03). The firm had revenue of $0.65 million for the quarter, compared to the consensus estimate of $6.00 million. FingerMotion had a negative return on equity of 46.67% and a negative net margin of 42.81%.

FingerMotion Company Profile

FingerMotion, Inc (NASDAQ: FNGR) is a mobile technology and services company focused primarily on the Chinese market. Through its subsidiaries and operating partners, the company provides mobile payment and recharge services, messaging solutions, and other mobile-related products designed to support consumers and businesses.

FingerMotion’s business activities have included SMS and multimedia messaging services, mobile data and communications solutions, and technology platforms that use data analytics to generate business insights.