Short Interest in Flag Ship Acquisition Corporation (NASDAQ:FSHP) Expands By 421.1%

Flag Ship Acquisition Corporation (NASDAQ:FSHP) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 1,334 shares, a growth of 421.1% from the June 15th total of 256 shares. Based on an average daily volume of 564 shares, the days-to-cover ratio is presently 2.4 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On Flag Ship Acquisition

Institutional investors have recently modified their holdings of the business. Toronto Dominion Bank acquired a new position in Flag Ship Acquisition in the fourth quarter valued at approximately $37,000. Berkley W R Corp grew its holdings in Flag Ship Acquisition by 8.4% during the 1st quarter. Berkley W R Corp now owns 434,420 shares of the company’s stock worth $4,748,000 after acquiring an additional 33,482 shares during the period. Finally, Clear Street Group Inc. acquired a new stake in Flag Ship Acquisition during the 3rd quarter worth $77,000.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of Flag Ship Acquisition from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Flag Ship Acquisition currently has a consensus rating of “Sell”.

Flag Ship Acquisition Stock Up 0.4%

Shares of FSHP opened at $11.24 on Friday. The stock’s fifty day simple moving average is $11.08 and its 200-day simple moving average is $10.94. Flag Ship Acquisition has a 12-month low of $10.43 and a 12-month high of $12.00.

Flag Ship Acquisition (NASDAQ:FSHP) last announced its quarterly earnings data on Friday, May 29th. The company reported $0.05 EPS for the quarter.

About Flag Ship Acquisition

Flag Ship Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization with one or more businesses. The company intends to acquire businesses in Internet and high technology, financial technology, clean energy, health care, consumer and retail, energy and resources, food processing, manufacturing, and education sectors. Flag Ship Acquisition Corporation was incorporated in 2018 and is based in New York, New York.