FBS Global Limited (NASDAQ:FBGL) Shares Shorted: Short Interest Down 51.1% in September

FBS Global Limited (NASDAQ:FBGL) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 28,469 shares, a decrease of 51.1% from the September 15th total of 58,237 shares. Approximately 2.1% of the company’s stock are short sold. Based on an average daily trading volume, of 921,143 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in FBS Global stock. Renaissance Technologies LLC grew its position in shares of FBS Global Limited (NASDAQ:FBGL) by 15.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,492 shares of the company’s stock after purchasing an additional 19,647 shares during the period. Renaissance Technologies LLC owned approximately 1.07% of FBS Global worth $86,000 at the end of the most recent quarter.

FBS Global Trading Up 11.3%

Shares of NASDAQ FBGL traded up $0.27 during mid-day trading on Thursday, reaching $2.67. 101,192 shares of the company’s stock were exchanged, compared to its average volume of 151,884. FBS Global has a 52 week low of $2.20 and a 52 week high of $14.00. The firm has a 50-day moving average price of $3.90 and a two-hundred day moving average price of $5.10.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut FBS Global from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, September 28th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

FBS Global Company Profile

FBS Global Limited is a Singapore-based food and beverage company that operates through subsidiaries serving the local dining and catering market. The company’s activities include restaurant operations and the provision of food and beverage services.

Its business is focused on preparing and selling food and beverages to consumers, as well as providing related catering services. The company’s operations are primarily associated with Singapore.

FBS Global Limited is incorporated as a holding company, with its operating activities conducted through subsidiaries.