Short Interest in Founder Group Limited (NASDAQ:FGL) Declines By 90.3%

Founder Group Limited (NASDAQ:FGL) saw a large decline in short interest in February. As of February 13th, there was short interest totaling 30,723 shares, a decline of 90.3% from the January 29th total of 316,307 shares. Based on an average daily volume of 297,495 shares, the short-interest ratio is presently 0.1 days. Approximately 16.2% of the shares of the stock are short sold. Approximately 16.2% of the shares of the stock are short sold. Based on an average daily volume of 297,495 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Founder Group in a report on Monday, December 29th. Wall Street Zen raised shares of Founder Group to a “hold” rating in a research note on Saturday, February 14th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Founder Group Stock Performance

NASDAQ:FGL traded up $0.65 during trading hours on Wednesday, reaching $12.25. The stock had a trading volume of 247,614 shares, compared to its average volume of 177,975. Founder Group has a 52 week low of $7.03 and a 52 week high of $155.00. The company’s 50 day moving average price is $15.01. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.08 and a quick ratio of 1.06.

Founder Group Company Profile

Founder Group is a diversified investment holding company originally established in 1986 by Peking University. The group traces its roots to one of China’s leading academic institutions and has since evolved into a state-owned enterprise focused on fostering innovation and technology commercialization. Leveraging its academic heritage, Founder Group has built a network of subsidiaries and affiliates across a range of high-growth industries.

The company’s main business activities span information technology and digital printing, including integrated circuit design, software development and advanced printing solutions.