Founder Group Limited (NASDAQ:FGL) Sees Large Growth in Short Interest

Founder Group Limited (NASDAQ:FGL) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 291,839 shares, a growth of 580.4% from the May 14th total of 42,895 shares. Currently, 27.8% of the company’s stock are short sold. Based on an average daily volume of 4,646,643 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Several research analysts have weighed in on FGL shares. Wall Street Zen raised Founder Group to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings lowered Founder Group from a “sell (d)” rating to a “sell (e+)” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Founder Group Stock Up 2.7%

Shares of FGL stock traded up $0.05 during trading on Thursday, reaching $1.90. 11,744,716 shares of the company’s stock were exchanged, compared to its average volume of 651,424. The company has a quick ratio of 1.14, a current ratio of 1.15 and a debt-to-equity ratio of 0.59. Founder Group has a twelve month low of $1.44 and a twelve month high of $143.00. The firm’s fifty day moving average price is $1.99 and its 200-day moving average price is $11.83.

Founder Group (NASDAQ:FGL) last posted its earnings results on Tuesday, April 28th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $8.29 million during the quarter.

Founder Group Company Profile

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.