Short Interest in Founder Group Limited (NASDAQ:FGL) Expands By 43.5%

Founder Group Limited (NASDAQ:FGL) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 47,191 shares, an increase of 43.5% from the February 26th total of 32,877 shares. Based on an average trading volume of 141,664 shares, the short-interest ratio is presently 0.3 days. Approximately 3.9% of the shares of the company are short sold.

Founder Group Price Performance

NASDAQ:FGL traded down $0.89 during mid-day trading on Friday, hitting $2.46. The stock had a trading volume of 189,370 shares, compared to its average volume of 159,720. The company has a current ratio of 1.08, a quick ratio of 1.06 and a debt-to-equity ratio of 1.07. The company has a 50 day simple moving average of $10.23 and a 200-day simple moving average of $31.92. Founder Group has a 52 week low of $2.30 and a 52 week high of $154.00.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FGL. Weiss Ratings reiterated a “sell (d)” rating on shares of Founder Group in a research report on Monday, December 29th. Wall Street Zen upgraded Founder Group to a “hold” rating in a research report on Saturday, February 14th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Founder Group has a consensus rating of “Sell”.

About Founder Group

Founder Group is a diversified investment holding company originally established in 1986 by Peking University. The group traces its roots to one of China’s leading academic institutions and has since evolved into a state-owned enterprise focused on fostering innovation and technology commercialization. Leveraging its academic heritage, Founder Group has built a network of subsidiaries and affiliates across a range of high-growth industries.

The company’s main business activities span information technology and digital printing, including integrated circuit design, software development and advanced printing solutions.