Fuyao Glass Industry Group Co., Ltd. (OTCMKTS:FYGGY) Sees Significant Decline in Short Interest

Fuyao Glass Industry Group Co., Ltd. (OTCMKTS:FYGGY) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 1,418 shares, a decline of 66.7% from the July 30th total of 4,262 shares. Based on an average trading volume of 16,273 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut shares of Fuyao Glass Industry Group to a “neutral” rating in a report on Monday, August 24th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Fuyao Glass Industry Group Trading Down 2.7%

FYGGY traded down $0.05 on Friday, hitting $1.81. 9,980 shares of the stock were exchanged, compared to its average volume of 37,068. Fuyao Glass Industry Group has a 12 month low of $1.50 and a 12 month high of $2.69. The business has a 50-day moving average of $1.76 and a two-hundred day moving average of $1.89.

About Fuyao Glass Industry Group

Fuyao Glass Industry Group Co, Ltd. is a leading China-based manufacturer of automotive and industrial glass products, operating as an over-the-counter traded company under the symbol FYGGY. Founded in 1987 and headquartered in Fuqing, Fujian Province, the company has grown from a domestic producer into a global supplier of safety and specialty glass solutions for original equipment manufacturers (OEMs) and the aftermarket.

The core products of Fuyao Glass include laminated and tempered automotive windshields, side and rear windows, sunroofs, and other specialty glazing components.