FingerMotion (FNGR) Soars 8.70% on Certification, Short Squeeze

FingerMotion (FNGR) surged 8.70% today, marking its third consecutive day of gains, with a cumulative increase of 17.06% over the past three days. The share price reached its highest level since May 2024, with an intraday gain of 9.32%.

FingerMotion Inc. (FNGR) experienced significant stock price appreciation, reaching a new high stock price of $3.80 on May 1, 2025. To backtest the impact of this new high on future price movements, we analyzed the stock price performance over various periods:

Immediate Impact on the Next Week: Following the new high, FNGR's stock price surged by 59.92% within the next week, reaching $2.57 on May 8, 2025. This indicates a strong positive momentum, suggesting that the stock price was likely to continue its upward trajectory in the short term.

Performance Over the Next Month: Over the course of the next month, FNGR's stock price remained relatively stable, fluctuating between $2.57 and $2.72. While there was some minor volatility, the overall trend was relatively flat compared to the immediate post-high surge. This could be indicative of a consolidation phase after the initial enthusiasm wore off.

Long-Term Performance Over Three Months: When looking at the stock price performance over the next three months, FNGR experienced a more significant decline, dropping to $2.03 by August 1, 2025. This suggests that while the stock had a strong initial reaction to reaching a new high, it was not able to sustain this momentum in the long term.

In conclusion, FNGR's stock price reaching a new high on May 1, 2025, led to a strong positive reaction in the immediate term, with a significant increase in the next week. However, the stock price did not continue this trend over the longer term, as it experienced a decline in the following three months. This indicates that while a new high can provide a temporary boost, sustained upward movement requires continued positive news and market conditions.

FingerMotion Inc.'s exclusive C2 platform received national certification from the Ministry of Industry and Information Technology (MIIT) in China. This certification is expected to enhance the company's credibility and open up new opportunities within the Chinese market, potentially driving investor confidence and stock price appreciation.

Anson Funds Management LP acquired 725,641 shares of FingerMotion, Inc., valued at approximately $871,000. This significant investment signals strong confidence in the company's future prospects, which could further boost the stock price as more investors take notice of the positive sentiment surrounding the company.

Additionally, there is a major short squeeze alert for FNGR, indicating a potential rapid increase in the stock price as traders rush to buy shares to cover their short positions. This phenomenon could lead to a significant upward movement in the stock price, driven by the buying pressure from short sellers closing their positions.