What's Going On With FingerMotion Stock Today?

FingerMotion, Inc. FNGR shares are trading higher on Wednesday. The company responded to a short seller report issued by Capybara Research.

What To Know: Capybara Research issued a short seller report on FingerMotion on Oct. 3. The company's management team reviewed the report and described it as containing, "many errors, unsupported speculations and inaccurate interpretations of events."

FingerMotion's management, alongside its Board of Directors, plans to continue to review and analyze the Capybara Report. Furthermore, the company plans to engage in any necessary and appropriate actions to protect the interest of its shareholders.

Also of note, the company recently filed the Form S-3 registration statement, an unallocated universal shelf registration statement for $300 million of securities of FingerMotion of which only $25 million has been allocated to an at-the-market offering. The statement was declared effective on Sept. 29.

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FNGR Price Action: Shares of FNGR were up 14.6% at $5.25 at the time of publication, according to Benzinga Pro.

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