Short Interest in FG Merger Corp. (NASDAQ:FGMCU) Decreases By 52.1%

FG Merger Corp. (NASDAQ:FGMCU) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 4,175 shares, a drop of 52.1% from the June 15th total of 8,713 shares. Based on an average trading volume of 1,336 shares, the short-interest ratio is currently 3.1 days.

FG Merger Stock Performance

FG Merger stock opened at $10.35 on Tuesday. FG Merger has a fifty-two week low of $9.30 and a fifty-two week high of $19.10. The firm’s 50-day simple moving average is $11.51 and its 200 day simple moving average is $10.94.

Institutional Investors Weigh In On FG Merger

Several large investors have recently modified their holdings of FGMCU. Clear Street Group Inc. increased its position in FG Merger by 238.2% in the fourth quarter. Clear Street Group Inc. now owns 16,908 shares of the company’s stock worth $139,000 after buying an additional 11,908 shares during the last quarter. Flow Traders U.S. LLC grew its position in shares of FG Merger by 102.7% during 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 position in FG Merger in the 2nd quarter worth about $391,000.

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.