Short Interest in FGI Industries Ltd. (NASDAQ:FGI) Drops By 25.5%

FGI Industries Ltd. (NASDAQ:FGI) was the recipient of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 4,403 shares, a decrease of 25.5% from the February 26th total of 5,908 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 16,209 shares, the days-to-cover ratio is currently 0.3 days.

FGI Industries Stock Performance

NASDAQ:FGI traded up $0.43 during mid-day trading on Friday, reaching $3.82. 52,111 shares of the company’s stock were exchanged, compared to its average volume of 11,904. FGI Industries has a one year low of $2.28 and a one year high of $12.62. The firm has a market capitalization of $7.33 million, a PE ratio of -1.86 and a beta of 1.45. The business’s fifty day simple moving average is $5.21 and its two-hundred day simple moving average is $5.76.

Wall Street Analyst Weigh In

FGI has been the topic of several research reports. Zacks Research downgraded FGI Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of FGI Industries in a report on Monday, December 29th. Finally, Wall Street Zen upgraded FGI Industries to a “sell” rating in a research note on Saturday, December 13th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

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.