FGI Industries Ltd. (NASDAQ:FGI) Short Interest Up 222.6% in April

FGI Industries Ltd. (NASDAQ:FGI) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 72,380 shares, a growth of 222.6% from the April 15th total of 22,434 shares. Currently, 4.0% of the shares of the company are sold short. Based on an average daily trading volume, of 538,476 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

FGI has been the topic of a number of research analyst reports. Zacks Research raised shares of FGI Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of FGI Industries in a report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

FGI Industries Trading Down 10.7%

Shares of NASDAQ:FGI traded down $0.64 during midday trading on Thursday, reaching $5.35. The company had a trading volume of 85,378 shares, compared to its average volume of 331,730. The company’s 50 day moving average price is $5.15 and its 200 day moving average price is $5.72. The stock has a market cap of $10.33 million, a P/E ratio of -1.66 and a beta of 2.22. FGI Industries has a 52-week low of $2.50 and a 52-week high of $12.62.

FGI Industries (NASDAQ:FGI) last released its quarterly earnings data on Thursday, April 9th. The company reported ($0.29) EPS for the quarter, beating the consensus estimate of ($0.43) by $0.14. The business had revenue of $30.47 million for the quarter, compared to the consensus estimate of $35.50 million. FGI Industries had a negative net margin of 4.70% and a negative return on equity of 2.19%. During the same period in the prior year, the firm earned ($0.34) earnings per share. Research analysts forecast that FGI Industries will post -0.27 EPS for the current fiscal year.

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.