Founder Group Limited (NASDAQ:FGL) Short Interest Update

Founder Group Limited (NASDAQ:FGL) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 81,042 shares, a decline of 72.2% from the May 31st total of 291,839 shares. Based on an average daily volume of 1,174,682 shares, the days-to-cover ratio is currently 0.1 days. Currently, 7.7% of the shares of the stock are short sold.

Founder Group Stock Performance

Shares of NASDAQ:FGL traded up $0.04 during midday trading on Monday, reaching $1.41. The company’s stock had a trading volume of 35,076 shares, compared to its average volume of 612,268. The business has a 50 day moving average price of $1.87 and a 200 day moving average price of $8.67. Founder Group has a 1 year low of $1.33 and a 1 year high of $143.00. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.15 and a quick ratio of 1.14.

Founder Group (NASDAQ:FGL) last released 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.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Founder Group from a “sell (d)” rating to a “sell (e+)” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average 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.