FG Nexus Inc (NASDAQ:FGNX) Short Interest Update

FG Nexus Inc (NASDAQ:FGNX) was the recipient of a significant decline in short interest in February. As of February 27th, there was short interest totaling 311,527 shares, a decline of 31.9% from the February 12th total of 457,408 shares. Based on an average daily trading volume, of 80,539 shares, the short-interest ratio is presently 3.9 days. Approximately 5.0% of the shares of the company are short sold. Approximately 5.0% of the shares of the company are short sold. Based on an average daily trading volume, of 80,539 shares, the short-interest ratio is presently 3.9 days.

Institutional Investors Weigh In On FG Nexus

A number of large investors have recently bought and sold shares of FGNX. FNY Investment Advisers LLC bought a new stake in shares of FG Nexus during the fourth quarter valued at approximately $68,000. Wolverine Asset Management LLC bought a new position in FG Nexus in the 4th quarter worth approximately $465,000. Everstar Asset Management LLC acquired a new position in FG Nexus during the 4th quarter worth $1,045,000. Geode Capital Management LLC bought a new position in FG Nexus in the 4th quarter valued at $1,330,000. Finally, LPL Financial LLC acquired a new stake in shares of FG Nexus in the 4th quarter valued at $31,000. 3.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FGNX. Weiss Ratings reissued a “sell (d-)” rating on shares of FG Nexus in a report on Monday, December 29th. Wall Street Zen lowered FG Nexus from a “hold” rating to a “sell” rating in a research note on Saturday, December 6th. Finally, B. Riley Financial lowered their price target on FG Nexus from $25.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, FG Nexus has a consensus rating of “Hold” and an average price target of $36.50.

FG Nexus Price Performance

NASDAQ:FGNX traded up $0.18 on Friday, reaching $6.85. The stock had a trading volume of 94,825 shares, compared to its average volume of 87,066. The firm has a market cap of $44.90 million, a P/E ratio of -0.39 and a beta of 0.79. FG Nexus has a 1-year low of $6.52 and a 1-year high of $206.25. The stock’s fifty day simple moving average is $11.05.

FG Nexus Company Profile

FG Financial Group, Inc operates as a reinsurance and investment management holding company in the United States. The company offers specialty property and casualty reinsurance products and services. It also operates a special purpose acquisition company platform (SPAC) that provides various strategic, administrative, and regulatory support services to newly formed SPACs for a monthly fee. The company was formerly known as 1347 Property Insurance Holdings, Inc and changed its name to FG Financial Group, Inc in December 2020.