FGI Industries Ltd. (NASDAQ:FGI) Sees Significant Decrease in Short Interest

by · The Cerbat Gem

FGI Industries Ltd. (NASDAQ:FGI – Get Free Report) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 32,831 shares, a drop of 51.4% from the November 30th total of 67,546 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average daily volume of 92,347 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 92,347 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.8% of the company’s stock are short sold.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FGI shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of FGI Industries in a report on Monday. Wall Street Zen raised shares of FGI Industries to a “sell” rating in a research report on Saturday, December 13th. Finally, Zacks Research upgraded shares of FGI Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Read Our Latest Analysis on FGI Industries

FGI Industries Trading Down 8.0%

NASDAQ FGI traded down $0.56 during trading hours on Friday, hitting $6.43. 37,903 shares of the company’s stock traded hands, compared to its average volume of 77,081. FGI Industries has a 52 week low of $2.28 and a 52 week high of $12.62. The firm has a market capitalization of $12.35 million, a P/E ratio of -3.14 and a beta of 1.41. The business’s fifty day moving average price is $6.15 and its two-hundred day moving average price is $5.02.

FGI Industries (NASDAQ:FGI – Get Free Report) last issued its quarterly earnings results on Friday, November 14th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of ($0.43) by $0.56. FGI Industries had a negative net margin of 2.89% and a negative return on equity of 2.50%. The business had revenue of $35.85 million for the quarter, compared to analysts’ expectations of $37.70 million. On average, sell-side analysts expect that FGI Industries will post -0.08 EPS for the current fiscal year.

FGI Industries Company Profile

(Get Free Report)

FGI Industries ltd. supplies kitchen and bath products in the United States, Canada, Europe, and internationally. The company sells sanitaryware products, such as toilets, sinks, pedestals, and toilet seats; wood and wood-substitute furniture for bathrooms, including vanities, mirrors, laundry, medicine cabinets, and other storage systems; shower systems; and customer kitchen cabinetry and other accessory items under the Foremost, avenue, contrac, Jetcoat, rosenberg, and Covered Bridge Cabinetry brand names.

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