Flat Glass Group Co., Ltd. (OTCMKTS:FGSGF) Short Interest Down 46.3% in August

Flat Glass Group Co., Ltd. (OTCMKTS:FGSGF) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 35,925 shares, a drop of 46.3% from the August 15th total of 66,925 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Flat Glass Group Price Performance

OTCMKTS FGSGF remained flat at $0.85 during trading hours on Wednesday. The company has a 50 day simple moving average of $1.12 and a 200 day simple moving average of $1.26. Flat Glass Group has a one year low of $0.85 and a one year high of $1.41.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded shares of Flat Glass Group from a “sell” rating to a “neutral” rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Flat Glass Group presently has a consensus rating of “Hold”.

Flat Glass Group Company Profile

Flat Glass Group Co, Ltd. operates as a comprehensive glass manufacturer, specializing in the research, development, production and sales of a broad range of glass products. Its offerings include high-precision float glass, coated glass, ultra-clear glass, tempered and laminated safety glass, insulating glass units, automotive windshields and solar photovoltaic glass. These products serve applications in construction, automotive, solar energy, electronics and packaging markets.

Headquartered in Zhengzhou, Henan Province, the company traces its origins to state-owned glass production facilities established in the latter half of the 20th century.