FIGX Capital Acquisition Corp. (NASDAQ:FIGX) Shares Shorted: Short Interest Down 85.5% in September

FIGX Capital Acquisition Corp. (NASDAQ:FIGX) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 26 shares, a decline of 85.5% from the September 15th total of 179 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 47,450 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of FIGX Capital Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, FIGX Capital Acquisition has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FIGX. Sona Asset Management US LLC acquired a new stake in FIGX Capital Acquisition in the first quarter valued at approximately $1,090,000. Radcliffe Capital Management L.P. grew its stake in shares of FIGX Capital Acquisition by 8.2% during the fourth quarter. Radcliffe Capital Management L.P. now owns 331,994 shares of the company’s stock worth $3,340,000 after buying an additional 25,041 shares during the last quarter. Magnetar Financial LLC acquired a new position in shares of FIGX Capital Acquisition during the fourth quarter worth $5,030,000. Finally, Mint Tower Capital Management B.V. acquired a new position in shares of FIGX Capital Acquisition during the fourth quarter worth $2,264,000.

FIGX Capital Acquisition Trading Up 0.4%

Shares of FIGX stock traded up $0.04 during trading hours on Friday, reaching $10.37. The company’s stock had a trading volume of 7,007 shares, compared to its average volume of 28,964. FIGX Capital Acquisition has a fifty-two week low of $10.01 and a fifty-two week high of $10.38. The firm’s 50 day simple moving average is $10.32 and its 200-day simple moving average is $10.25.

FIGX Capital Acquisition (NASDAQ:FIGX) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.06 EPS for the quarter.

FIGX Capital Acquisition Company Profile

We are a blank check company incorporated on February 20, 2025, as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. While we may pursue an initial business combination target in any industry, we currently intend to concentrate our efforts in identifying businesses in the financial industry group (FIG Sector), with a focus on differentiated private wealth/asset managers positioned to become multi-asset fund management platforms with diversified distribution channels and global market presence.