FG Merger Corp. (NASDAQ:FGMCU) Short Interest Up 100.0% in January

FG Merger Corp. (NASDAQ:FGMCU) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 48 shares, a growth of 100.0% from the December 31st total of 24 shares. Based on an average daily volume of 1,041 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 1,041 shares, the short-interest ratio is currently 0.0 days.

FG Merger Stock Up 0.8%

Shares of FGMCU stock traded up $0.08 during mid-day trading on Friday, reaching $10.56. 1,000 shares of the company were exchanged, compared to its average volume of 2,650. FG Merger has a fifty-two week low of $9.70 and a fifty-two week high of $11.24. The business’s 50 day simple moving average is $10.48 and its 200 day simple moving average is $10.37.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Clear Street LLC boosted its stake in FG Merger by 1,131.9% in the second quarter. Clear Street LLC now owns 195,433 shares of the company’s stock valued at $1,612,000 after acquiring an additional 179,569 shares during the period. SkyView Investment Advisors LLC bought a new stake in shares of FG Merger during the 2nd quarter worth about $391,000. Highbridge Capital Management LLC acquired a new stake in FG Merger in the second quarter worth approximately $348,000. Flow Traders U.S. LLC lifted its holdings in shares of FG Merger by 102.7% in 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 period. Finally, Clear Street Group Inc. acquired a new stake in FG Merger in the 3rd quarter valued at about $41,000.

About FG Merger

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.