Founder Group Limited (NASDAQ:FGL) Short Interest Update

Founder Group Limited (NASDAQ:FGL) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 406,154 shares, a growth of 319.7% from the August 15th total of 96,779 shares. Currently, 2,030.8% of the shares of the company are short sold. Based on an average daily trading volume, of 13,484,984 shares, the short-interest ratio is presently 0.0 days.

Insider Transactions at Founder Group

In other news, major shareholder Financial Lp Hrt sold 395,774 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $0.15, for a total value of $59,366.10. Following the completion of the sale, the insider directly owned 66,805 shares of the company’s stock, valued at $10,020.75. This trade represents a 85.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last 90 days, insiders purchased 108,927 shares of company stock valued at $59,482 and sold 397,398 shares valued at $111,231. 0.60% of the stock is owned by corporate insiders.

Founder Group Price Performance

Shares of FGL stock opened at $5.45 on Friday. The firm has a 50 day moving average price of $68.26 and a two-hundred day moving average price of $229.89. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.14 and a current ratio of 1.15. Founder Group has a 12-month low of $4.17 and a 12-month high of $14,000.00.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FGL shares. Wall Street Zen upgraded Founder Group to a “hold” rating in a research note on Saturday, September 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Founder Group in a research report on Monday, August 3rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently 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.