Founder Group Limited (NASDAQ:FGL) Shares Shorted: Short Interest Down 95.0% in September

Founder Group Limited (NASDAQ:FGL) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 20,308 shares, a drop of 95.0% from the August 31st total of 406,154 shares. Based on an average daily volume of 640,935 shares, the short-interest ratio is currently 0.0 days. Currently, 101.5% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

FGL has been the subject of several recent research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Founder Group in a research note on Monday, August 3rd. Wall Street Zen raised shares of Founder Group to a “hold” rating in a research note on Saturday, September 5th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Insider Buying and Selling at Founder Group

In other news, major shareholder Financial Lp Hrt sold 395,774 shares of Founder Group stock in a transaction 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 approximately $10,020.75. The trade was a 85.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders acquired 108,927 shares of company stock valued at $59,482 and sold 397,398 shares valued at $111,231. Insiders own 0.60% of the company’s stock.

Founder Group Price Performance

NASDAQ:FGL traded down $0.08 during midday trading on Friday, reaching $4.33. The company had a trading volume of 483,568 shares, compared to its average volume of 401,787. Founder Group has a 12-month low of $3.81 and a 12-month high of $8,000.00. The company has a current ratio of 1.15, a quick ratio of 1.14 and a debt-to-equity ratio of 0.59. The stock’s fifty day simple moving average is $43.65 and its 200-day simple moving average is $163.21.

Founder Group Company Profile

Founder Group Limited is a pure-play, end-to-end EPCC solutions provider for solar PV facilities principally in Malaysia. The company’s primary focus is large-scale solar projects and commercial and industrial solar projects. Founder Group Limited is based in KUALA LUMPUR, Malaysia.