FIGX Capital Acquisition Corp. (NASDAQ:FIGXW) Short Interest Update

FIGX Capital Acquisition Corp. (NASDAQ:FIGXW) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 11,589 shares, an increase of 542.8% from the June 15th total of 1,803 shares. Based on an average trading volume of 1,381 shares, the days-to-cover ratio is presently 8.4 days.

FIGX Capital Acquisition Stock Performance

FIGXW stock traded down $0.03 during mid-day trading on Friday, reaching $0.25. 2,200 shares of the company traded hands, compared to its average volume of 16,043. The company has a 50 day simple moving average of $0.27. FIGX Capital Acquisition has a fifty-two week low of $0.17 and a fifty-two week high of $0.35.

FIGX Capital Acquisition Company Profile

FIGX Capital Acquisition (NASDAQ: FIGXW) is a special purpose acquisition company (SPAC), often referred to as a blank‑check company, formed to raise capital through the public markets for the purpose of identifying, negotiating and completing a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses. As with many SPACs, FIGX Capital’s publicly traded securities include common equity and warrants (trading under the FIGXW symbol for the warrant units).

Until it completes a business combination, the company’s principal activity is to seek and evaluate potential acquisition targets.