FGI Industries Ltd. (NASDAQ:FGI) Short Interest Update

FGI Industries Ltd. (NASDAQ:FGI) was the recipient of a large drop in short interest in February. As of February 13th, there was short interest totaling 10,747 shares, a drop of 39.0% from the January 29th total of 17,616 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 12,450 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily trading volume, of 12,450 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.6% of the shares of the stock are sold short.

Analyst Ratings Changes

A number of research firms recently weighed in on FGI. Zacks Research lowered shares of FGI Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Wall Street Zen upgraded FGI Industries to a “sell” rating in a research note on Saturday, December 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of FGI Industries in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

FGI Industries Price Performance

Shares of FGI traded down $0.20 during mid-day trading on Friday, reaching $5.47. 5,110 shares of the company’s stock were exchanged, compared to its average volume of 9,252. The business’s fifty day simple moving average is $6.10 and its 200-day simple moving average is $5.77. The stock has a market capitalization of $10.50 million, a PE ratio of -2.67 and a beta of 1.43. FGI Industries has a 52-week low of $2.28 and a 52-week high of $12.62.

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.