Fuyao Glass Industry Group Co., Ltd. (OTCMKTS:FYGGY) Stock Short Interest Falls 94.1%

Fuyao Glass Industry Group Co., Ltd. (OTCMKTS:FYGGY) saw a significant decline in short interest in October. As of October 30th, there was short interest totaling 1,146 shares, a decline of 94.1% from the October 15th total of 19,369 shares. Based on an average daily volume of 28,536 shares, the short-interest ratio is presently 0.0 days.

Fuyao Glass Industry Group Price Performance

Shares of OTCMKTS FYGGY traded down $0.16 during midday trading on Tuesday, reaching $1.58. The company’s stock had a trading volume of 1,597 shares, compared to its average volume of 31,537. The stock has a 50 day simple moving average of $1.79 and a 200-day simple moving average of $1.88. Fuyao Glass Industry Group has a fifty-two week low of $1.50 and a fifty-two week high of $2.68.

Wall Street Analysts Forecast Growth

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

About Fuyao Glass Industry Group

Fuyao Glass Industry Group is a China-based manufacturer specializing in automotive glass and related products. Founded in 1987 in Fuqing, Fujian Province, the company supplies glass used in passenger and commercial vehicles. Its products include windshields, side and rear windows, and other automotive glazing, with features and designs tailored to vehicle manufacturers’ specifications. Fuyao also produces float glass, a material used in glass manufacturing and other applications. The company serves automakers and other customers in China and international markets through a global manufacturing and sales network.