FG Merger Corp. (NASDAQ:FGMCU) Short Interest Down 52.1% in June

FG Merger Corp. (NASDAQ:FGMCU) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 4,175 shares, a decrease of 52.1% from the June 15th total of 8,713 shares. Based on an average daily trading volume, of 1,336 shares, the days-to-cover ratio is presently 3.1 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Clear Street Group Inc. bought a new stake in shares of FG Merger in the 3rd quarter valued at about $41,000. Flow Traders U.S. LLC increased its holdings in FG Merger by 45.0% during the second quarter. Flow Traders U.S. LLC now owns 30,759 shares of the company’s stock valued at $254,000 after buying an additional 9,544 shares during the period. Finally, SkyView Investment Advisors LLC purchased a new position in FG Merger during the second quarter valued at approximately $391,000.

FG Merger Stock Performance

Shares of FG Merger stock traded down $0.38 during trading on Thursday, hitting $9.97. 1,036 shares of the stock traded hands, compared to its average volume of 3,288. FG Merger has a 52-week low of $9.30 and a 52-week high of $19.10. The stock’s fifty day simple moving average is $11.49 and its 200 day simple moving average is $10.94.

FG Merger Company Profile

FG Merger Corp. focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses. The company intends to focus its search for a target business in the financial services industry in North America. FG Merger Corp. was incorporated in 2020 and is based in Itasca, Illinois.