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

Fundamental Global Inc. (NASDAQ:FGF) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 4,100 shares, a decline of 26.8% from the March 15th total of 5,600 shares. Based on an average daily trading volume, of 23,900 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.5% of the shares of the company are short sold.

Fundamental Global Price Performance

FGF opened at $15.38 on Friday. The company’s 50-day simple moving average is $18.88 and its two-hundred day simple moving average is $22.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market capitalization of $19.56 million, a P/E ratio of 11.74 and a beta of 0.82. Fundamental Global has a 52-week low of $14.21 and a 52-week high of $38.40.

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.