FIGX Capital Acquisition Corp. (NASDAQ:FIGXW) Sees Large Increase in Short Interest

FIGX Capital Acquisition Corp. (NASDAQ:FIGXW) was the target of a large increase in short interest in the month of 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 daily trading volume, of 1,381 shares, the days-to-cover ratio is currently 8.4 days.

FIGX Capital Acquisition Stock Performance

NASDAQ:FIGXW traded down $0.03 on Friday, hitting $0.25. The stock had a trading volume of 2,200 shares, compared to its average volume of 16,043. FIGX Capital Acquisition has a 52 week low of $0.17 and a 52 week high of $0.35. The company’s fifty day moving average price is $0.27.

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.