Short Interest in FG Merger Corp. (NASDAQ:FGMCU) Increases By ?

FG Merger Corp. (NASDAQ:FGMCU) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 8,713 shares, an increase of ? from the May 31st total of 0 shares. Based on an average daily volume of 7,967 shares, the short-interest ratio is currently 1.1 days.

Institutional Trading of FG Merger

A number of hedge funds have recently added to or reduced their stakes in FGMCU. Clear Street Group Inc. bought a new position in FG Merger during the 3rd quarter worth about $41,000. Flow Traders U.S. LLC raised its holdings in shares of FG Merger by 102.7% in the 3rd quarter. Flow Traders U.S. LLC now owns 62,345 shares of the company’s stock valued at $514,000 after purchasing an additional 31,586 shares in the last quarter. Finally, SkyView Investment Advisors LLC bought a new stake in shares of FG Merger in the 2nd quarter valued at about $391,000.

FG Merger Stock Performance

Shares of FGMCU stock opened at $10.00 on Friday. FG Merger has a twelve month low of $9.30 and a twelve month high of $19.10. The stock has a fifty day simple moving average of $11.60 and a two-hundred day simple moving average of $10.95.

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.