Short Interest in FG Merger Corp. (NASDAQ:FGMCU) Drops By 28.9%

FG Merger Corp. (NASDAQ:FGMCU) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 27 shares, a decline of 28.9% from the November 30th total of 38 shares. Based on an average daily volume of 624 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 624 shares, the short-interest ratio is currently 0.0 days.

FG Merger Price Performance

NASDAQ:FGMCU traded up $0.01 during mid-day trading on Monday, hitting $10.41. 20 shares of the company’s stock traded hands, compared to its average volume of 18,467. The firm has a 50 day moving average of $10.41 and a two-hundred day moving average of $10.29. FG Merger has a 12 month low of $9.70 and a 12 month high of $11.24.

Institutional Investors Weigh In On FG Merger

Several hedge funds and other institutional investors have recently modified their holdings of FGMCU. Clear Street LLC increased its position in FG Merger by 1,131.9% during the second quarter. Clear Street LLC now owns 195,433 shares of the company’s stock worth $1,612,000 after acquiring an additional 179,569 shares during the period. Polar Asset Management Partners Inc. acquired a new stake in FG Merger in the 1st quarter worth $560,000. SkyView Investment Advisors LLC bought a new position in shares of FG Merger during the 2nd quarter worth about $391,000. Highbridge Capital Management LLC bought a new position in shares of FG Merger during the 2nd quarter worth about $348,000. Finally, Flow Traders U.S. LLC raised its position in shares of FG Merger by 102.7% during the third quarter. Flow Traders U.S. LLC now owns 62,345 shares of the company’s stock valued at $514,000 after buying an additional 31,586 shares during the last quarter.

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.