FGI Industries Ltd. (NASDAQ:FGI) Short Interest Down 51.4% in December

FGI Industries Ltd. (NASDAQ:FGI) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 32,831 shares, a decrease of 51.4% from the November 30th total of 67,546 shares. Currently, 1.8% of the company’s stock are sold short. Based on an average daily trading volume, of 92,347 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 92,347 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.8% of the company’s stock are sold short.

FGI Industries Price Performance

Shares of NASDAQ FGI traded down $0.56 during trading hours on Friday, hitting $6.43. 37,903 shares of the company’s stock were exchanged, compared to its average volume of 77,081. The company’s 50-day moving average price is $6.15 and its 200-day moving average price is $5.04. FGI Industries has a 1-year low of $2.28 and a 1-year high of $12.62. The stock has a market capitalization of $12.35 million, a price-to-earnings ratio of -3.14 and a beta of 1.41.

FGI Industries (NASDAQ:FGI) last released its earnings results on Friday, November 14th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.56. FGI Industries had a negative return on equity of 2.50% and a negative net margin of 2.89%.The firm had revenue of $35.85 million for the quarter, compared to analyst estimates of $37.70 million. On average, research analysts expect that FGI Industries will post -0.08 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on FGI shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of FGI Industries in a research note on Monday, December 22nd. Zacks Research upgraded FGI Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, November 21st. Finally, Wall Street Zen raised FGI Industries to a “sell” rating in a research report on Saturday, December 13th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, FGI Industries has a consensus rating of “Moderate Buy”.

FGI Industries Company Profile

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.