FGI Industries Ltd. (NASDAQ:FGI) Short Interest Down 13.5% in January

FGI Industries Ltd. (NASDAQ:FGI) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 19,509 shares, a drop of 13.5% from the December 31st total of 22,558 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average daily volume of 19,667 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily volume of 19,667 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.1% of the company’s stock are short sold.

Analyst Ratings Changes

Several research analysts recently commented on FGI shares. Wall Street Zen upgraded shares of FGI Industries to a “sell” rating in a report on Saturday, December 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of FGI Industries in a research note on Monday, December 29th. Finally, Zacks Research downgraded FGI Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce”.

FGI Industries Trading Down 2.9%

FGI traded down $0.18 during trading hours on Wednesday, hitting $6.02. 13,378 shares of the company’s stock were exchanged, compared to its average volume of 17,870. The firm has a market cap of $11.56 million, a P/E ratio of -2.94 and a beta of 1.43. FGI Industries has a 12-month low of $2.28 and a 12-month high of $12.62. The firm has a 50 day moving average of $6.53 and a 200 day moving average of $5.55.

FGI Industries (NASDAQ:FGI) last announced its quarterly earnings results on Friday, November 14th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.56. FGI Industries had a negative return on equity of 2.50% and a negative net margin of 2.89%.The company had revenue of $35.85 million during the quarter, compared to the consensus estimate of $37.70 million. As a group, research analysts expect that FGI Industries will post -0.08 EPS for the current fiscal year.

FGI Industries Company Profile

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.