Founder Group Limited (NASDAQ:FGL) Short Interest Update

Founder Group Limited (NASDAQ:FGL) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 291,839 shares, a growth of 580.4% from the May 14th total of 42,895 shares. Based on an average trading volume of 4,646,643 shares, the short-interest ratio is presently 0.1 days. Approximately 27.8% of the shares of the stock are sold short.

Analyst Ratings Changes

A number of equities research analysts have recently commented on FGL shares. Weiss Ratings downgraded Founder Group from a “sell (d)” rating to a “sell (e+)” rating in a research report on Wednesday, May 6th. Wall Street Zen upgraded Founder Group to a “hold” rating in a research report on Saturday, February 14th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Founder Group Trading Up 0.1%

Shares of FGL traded up $0.00 during mid-day trading on Wednesday, reaching $1.77. The company’s stock had a trading volume of 241,664 shares, compared to its average volume of 550,099. The business has a fifty day moving average of $2.00 and a 200 day moving average of $12.07. Founder Group has a 1 year low of $1.44 and a 1 year high of $143.00. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.15 and a quick ratio of 1.14.

Founder Group (NASDAQ:FGL) last released its earnings results on Tuesday, April 28th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $8.29 million during the quarter.

About Founder Group

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.