FGI Industries Ltd. (NASDAQ:FGI) Short Interest Down 45.0% in February

FGI Industries Ltd. (NASDAQ:FGI) was the target of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 5,908 shares, a drop of 45.0% from the February 12th total of 10,747 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 5,979 shares, the short-interest ratio is presently 1.0 days. Based on an average daily volume of 5,979 shares, the short-interest ratio is presently 1.0 days. Currently, 0.3% of the company’s shares are short sold.

FGI Industries Trading Up 1.8%

FGI stock traded up $0.07 during midday trading on Thursday, hitting $4.00. The stock had a trading volume of 29,988 shares, compared to its average volume of 14,439. The firm has a market cap of $7.68 million, a P/E ratio of -1.95 and a beta of 1.45. The business has a fifty day moving average price of $5.75 and a two-hundred day moving average price of $5.80. FGI Industries has a 1-year low of $2.28 and a 1-year high of $12.62.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on FGI shares. Zacks Research cut FGI Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Wall Street Zen raised FGI Industries to a “sell” rating in a research note on Saturday, December 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of FGI Industries in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, FGI Industries has an average rating of “Reduce”.

About FGI Industries

FGI Industries ltd. supplies kitchen and bath products in the United States, Canada, Europe, and internationally. The company sells sanitaryware products, such as toilets, sinks, pedestals, and toilet seats; wood and wood-substitute furniture for bathrooms, including vanities, mirrors, laundry, medicine cabinets, and other storage systems; shower systems; and customer kitchen cabinetry and other accessory items under the Foremost, avenue, contrac, Jetcoat, rosenberg, and Covered Bridge Cabinetry brand names.