Fuyao Glass Industry Group Co., Ltd. (OTCMKTS:FYGGY) Short Interest Up 464.7% in August

Fuyao Glass Industry Group Co., Ltd. (OTCMKTS:FYGGY) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 8,008 shares, an increase of 464.7% from the August 15th total of 1,418 shares. Based on an average daily volume of 7,865 shares, the short-interest ratio is presently 1.0 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered shares of Fuyao Glass Industry Group to a “neutral” rating in a report on Monday, August 24th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Fuyao Glass Industry Group Price Performance

OTCMKTS:FYGGY remained flat at $1.88 during trading hours on Friday. The company had a trading volume of 653 shares, compared to its average volume of 35,730. Fuyao Glass Industry Group has a twelve month low of $1.50 and a twelve month high of $2.69. The business’s 50 day moving average is $1.79 and its two-hundred day moving average is $1.86.

Fuyao Glass Industry Group Company Profile

Fuyao Glass Industry Group Co, Ltd. is a leading China-based manufacturer of automotive and industrial glass products, operating as an over-the-counter traded company under the symbol FYGGY. Founded in 1987 and headquartered in Fuqing, Fujian Province, the company has grown from a domestic producer into a global supplier of safety and specialty glass solutions for original equipment manufacturers (OEMs) and the aftermarket.

The core products of Fuyao Glass include laminated and tempered automotive windshields, side and rear windows, sunroofs, and other specialty glazing components.