Founder Group Limited (NASDAQ:FGL) Short Interest Up 679.3% in August

Founder Group Limited (NASDAQ:FGL) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 96,779 shares, a growth of 679.3% from the July 30th total of 12,418 shares. Based on an average daily volume of 3,023,704 shares, the short-interest ratio is currently 0.0 days. Approximately 9.2% of the shares of the company are sold short.

Insider Activity

In other news, major shareholder Financial Lp Hrt sold 146,713 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $0.33, for a total transaction of $48,415.29. Following the completion of the transaction, the insider directly owned 41,361 shares of the company’s stock, valued at approximately $13,649.13. This represents a 78.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Founder Group in a report on Monday, August 3rd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Founder Group Price Performance

Founder Group stock opened at $0.21 on Wednesday. Founder Group has a 52 week low of $0.12 and a 52 week high of $143.00. The firm’s 50-day simple moving average is $1.05 and its 200 day simple moving average is $3.41. The company has a current ratio of 1.15, a quick ratio of 1.14 and a debt-to-equity ratio of 0.59.

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.