FG Merger Corp. (NASDAQ:FGMCU) Short Interest Update

FG Merger Corp. (NASDAQ:FGMCU) was the target of a large increase in short interest in the month of 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 trading volume, of 7,967 shares, the days-to-cover ratio is currently 1.1 days.

Hedge Funds Weigh In On FG Merger

A number of large investors have recently modified their holdings of FGMCU. SkyView Investment Advisors LLC bought a new stake in FG Merger during the 2nd quarter valued at $391,000. Flow Traders U.S. LLC lifted its stake 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 in the last quarter. Finally, Clear Street Group Inc. lifted its stake in shares of FG Merger by 238.2% in the fourth quarter. Clear Street Group Inc. now owns 16,908 shares of the company’s stock valued at $139,000 after buying an additional 11,908 shares in the last quarter.

FG Merger Price Performance

Shares of FG Merger stock opened at $10.00 on Wednesday. FG Merger has a 52 week low of $9.30 and a 52 week high of $19.10. The stock has a 50 day moving average price of $11.63 and a two-hundred day moving average price of $10.96.

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.