Fenbo Holdings Limited (NASDAQ:FEBO) Sees Large Growth in Short Interest

Fenbo Holdings Limited (NASDAQ:FEBO) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 124,853 shares, a growth of 210.3% from the September 15th total of 40,242 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average trading volume of 266,538 shares, the short-interest ratio is currently 0.5 days.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Fenbo from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, August 14th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Fenbo Price Performance

FEBO stock traded down $0.03 during midday trading on Tuesday, hitting $0.74. 516 shares of the company’s stock were exchanged, compared to its average volume of 53,121. Fenbo has a 1-year low of $0.61 and a 1-year high of $1.46. The business has a 50-day simple moving average of $0.73 and a two-hundred day simple moving average of $0.90.

Fenbo Company Profile

Fenbo Holdings Limited is a consumer-products company focused on hair styling and personal-care products. Through its operating subsidiaries, the company manufactures and sells products such as hair curlers, hair straighteners, hair dryers, hair rollers and related accessories.

Fenbo serves customers in international markets and provides products for branded, private-label and other commercial applications. Its activities include product development, manufacturing and the distribution of hair-styling and beauty appliances.

The company is organized as a holding company incorporated in the Cayman Islands, with operating activities conducted through subsidiaries.