FG Nexus Inc (NASDAQ:FGNX) Short Interest Down 55.0% in December

FG Nexus Inc (NASDAQ:FGNX - Get Free Report) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totaling 75,447 shares, a decrease of 55.0% from the November 30th total of 167,642 shares. Currently, 0.2% of the company's shares are sold short. Based on an average daily trading volume, of 949,063 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 949,063 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the company's shares are sold short.FG Nexus Price PerformanceFG Nexus stock opened at $3.03 on Friday. The company has a market capitalization of $119.90 million, a price-to-earnings ratio of -0.87 and a beta of 0.84. The firm has a fifty day simple moving average of $3.13. FG Nexus has a 1-year low of $2.30 and a 1-year high of $41.25. FG Nexus (NASDAQ:FGNX - Get Free Report) last posted its earnings results on Friday, November 14th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.10 by $0.08. FG Nexus had a negative net margin of 64.92% and a negative return on equity of 7.73%. The company had revenue of $0.89 million during the quarter, compared to the consensus estimate of $15.30 million. Analyst Upgrades and DowngradesA number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of FG Nexus in a research report on Monday. Wall Street Zen downgraded shares of FG Nexus from a "hold" rating to a "sell" rating in a research note on Saturday, December 6th. ThinkEquity began coverage on shares of FG Nexus in a research report on Monday, October 6th. They set a "buy" rating on the stock. B. Riley reduced their target price on FG Nexus from $8.00 to $5.00 and set a "buy" rating for the company in a research note on Thursday, November 20th. Finally, Litchfield Hills Research began coverage on FG Nexus in a research note on Tuesday, November 11th. They set a "buy" rating and a $12.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $8.50.Get Our Latest Analysis on FGNXAbout FG Nexus (Get Free Report)FG Financial Group, Inc operates as a reinsurance and investment management holding company in the United States. The company offers specialty property and casualty reinsurance products and services. It also operates a special purpose acquisition company platform (SPAC) that provides various strategic, administrative, and regulatory support services to newly formed SPACs for a monthly fee. The company was formerly known as 1347 Property Insurance Holdings, Inc and changed its name to FG Financial Group, Inc in December 2020.Featured StoriesFive stocks we like better than FG NexusTurn your "dead money" into $306+ monthly (starting this month)Washington prepares for warPut $1,000 into this stock by Jan 1 [Not NVDA]The McDonald's Secret33,000% boom from weird new “AI Fuel?”This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in FG Nexus Right Now?Before you consider FG Nexus, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FG Nexus wasn't on the list.While FG Nexus currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here