FingerMotion (NASDAQ:FNGR) stock is on the move Monday despite a lack of news from the mobile data specialist company.
Instead, it looks like speculative traders have singled out FNGR stock for a short squeeze. That’s the chatter that’s taking place on Twitter (NYSE:TWTR) today as retail traders look for shares that could take off.
To go along with that, shares of FNGR stock are seeing heavy trading today. As of this writing, more than 41 million shares of the stock have changed hands. That’s a massive increase compared to its daily average trading volume of 708,000 shares.
Investors considering a stake in FNGR stock will want to be careful about investing today. While short squeezes do send stocks higher, they also often result in those shares falling once the squeeze is done. That could leave unlucky investors holding the bag.
What Does FingerMotion Do?
If investors are still interested in FNGR stock, it pays to know what the company is all about. FingerMotion is focused on analyzing mobile data. It offers this data up to government departments and corporate customers to give them better insight into user behavior.
In addition to that, FingerMotion also has its own telecommunication services. That includes the ability for customers to increase their mobile credits offered through its data plans.
FNGR stock is up 44.8% as of Monday morning but is still down 19.6% since the start of the year.
There’s more hot stock news worth diving into below!
We’ve got all of that news ready to go in one place! It includes what’s happening with shares of Petrobras (NYSE:PBR), Chinese EV companies, and short squeeze stocks on Monday. You can read up on all of that at the following links!
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On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.