Forward Industries, Inc. (NASDAQ:FORD) Sees Large Drop in Short Interest

Forward Industries, Inc. (NASDAQ:FORD) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 19,800 shares, a drop of 16.1% from the November 30th total of 23,600 shares. Based on an average daily volume of 324,500 shares, the days-to-cover ratio is presently 0.1 days. Currently, 2.2% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Forward Industries in a report on Monday, December 23rd. They issued a “hold” rating on the stock.

Forward Industries Stock Performance

NASDAQ FORD traded up $0.67 on Friday, reaching $5.16. The company’s stock had a trading volume of 38,531 shares, compared to its average volume of 114,670. Forward Industries has a 52 week low of $3.10 and a 52 week high of $8.29. The business has a 50-day moving average price of $4.07 and a 200 day moving average price of $3.96.

About Forward Industries

Forward Industries, Inc, together with its subsidiaries, designs, manufactures, sources, markets, and distributes carry and protective solutions. The company operates in two segments: OEM Distribution and Design. The OEM Distribution segment sources and distributes carrying cases and other accessories for medical monitoring and diagnostic kits; and various other portable electronic and non-electronic products, such as sporting and recreational products, bar code scanners, GPS location devices, tablets, and firearms.