Founder Group Limited (NASDAQ:FGL) Short Interest Update

Founder Group Limited (NASDAQ:FGL) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 12,418 shares, an increase of 116.9% from the July 15th total of 5,726 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average trading volume of 196,124 shares, the short-interest ratio is presently 0.1 days.

Founder Group Trading Down 19.3%

Shares of FGL traded down $0.10 during midday trading on Friday, reaching $0.40. The stock had a trading volume of 2,575,316 shares, compared to its average volume of 1,644,950. The company has a quick ratio of 1.14, a current ratio of 1.15 and a debt-to-equity ratio of 0.59. The firm’s 50 day moving average price is $1.26 and its 200-day moving average price is $4.19. Founder Group has a 52 week low of $0.38 and a 52 week high of $143.00.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Founder Group in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

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.