Fundamental Global Inc. (NASDAQ:FGF) Sees Large Drop in Short Interest

Fundamental Global Inc. (NASDAQ:FGF) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 35,600 shares, a decline of 15.2% from the August 15th total of 42,000 shares. Based on an average daily volume of 25,900 shares, the short-interest ratio is currently 1.4 days.

Fundamental Global Stock Performance

FGF traded down $0.04 on Wednesday, reaching $0.89. The company had a trading volume of 41,870 shares, compared to its average volume of 39,591. Fundamental Global has a 1 year low of $0.83 and a 1 year high of $1.85. The stock has a market capitalization of $25.61 million, a PE ratio of -4.95 and a beta of 0.56. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average price of $0.99 and a 200-day moving average price of $1.16.

Fundamental Global (NASDAQ:FGF) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.22) earnings per share for the quarter. Fundamental Global had a negative net margin of 14.29% and a negative return on equity of 16.00%. The company had revenue of $7.87 million during the quarter.

Fundamental Global Company Profile

Fundamental Global Inc engages in reinsurance, merchant banking, and asset management business. The company offers initial public offering services. It also offers specialty property and casualty reinsurance services. In addition, the company provides investment advisory services. The company was formerly known as Ballantyne Strong, Inc and changed its name to FG Group Holdings Inc in December 2022.