FingerMotion, Inc. (NASDAQ:FNGR) Short Interest Update

FingerMotion, Inc. (NASDAQ:FNGR) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 3,694,448 shares, a drop of 57.8% from the August 31st total of 8,754,925 shares. Approximately 6.3% of the shares of the stock are sold short. Based on an average trading volume of 8,263,058 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On FingerMotion

An institutional investor recently raised its stake in FingerMotion stock. Platform Technology Partners grew its holdings in shares of FingerMotion, Inc. (NASDAQ:FNGR) by 54.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 259,643 shares of the company’s stock after buying an additional 92,028 shares during the quarter. Platform Technology Partners owned 0.42% of FingerMotion worth $258,000 at the end of the most recent reporting period. 3.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of FingerMotion in a research note on Friday, September 18th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

FingerMotion Stock Performance

Shares of FingerMotion stock traded down $0.00 on Tuesday, hitting $0.14. 57,389,931 shares of the company traded hands, compared to its average volume of 10,162,314. FingerMotion has a 52 week low of $0.13 and a 52 week high of $2.20. The business has a 50-day simple moving average of $0.22 and a 200 day simple moving average of $0.59. The stock has a market capitalization of $9.94 million, a P/E ratio of -1.15 and a beta of -0.37.

FingerMotion (NASDAQ:FNGR) last issued its earnings results on Wednesday, July 15th. The company reported ($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.03). The firm had revenue of $0.65 million during the quarter, compared to analyst estimates of $6.00 million. FingerMotion had a negative net margin of 42.81% and a negative return on equity of 46.67%.

About FingerMotion

FingerMotion, Inc (NASDAQ: FNGR) is a mobile technology and services company focused primarily on the Chinese market. The company provides telecommunications products and services through carrier-related offerings, including mobile messaging, mobile top-up services, subscription plans and other solutions designed to support mobile users and businesses.

FingerMotion also develops data-driven technology through its Sapientus platform. Sapientus is designed to collect and analyze large amounts of data to help insurance companies and other organizations evaluate risk, improve customer engagement and develop more informed business and underwriting strategies.

The company was established in the 2010s and has built its operations around mobile communications, digital services and big-data applications in China, while maintaining a corporate presence in the United States.