Fuyao Glass Industry Group Co., Ltd. (OTCMKTS:FYGGY) Stock Short Interest Jumps 146.4%

Fuyao Glass Industry Group Co., Ltd. (OTCMKTS:FYGGY) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 19,369 shares, a growth of 146.4% from the September 30th total of 7,862 shares. Based on an average daily volume of 34,394 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group downgraded shares of Fuyao Glass Industry Group to a “neutral” rating in a research note on Monday, August 24th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, the stock presently has an average rating of “Hold”.

Fuyao Glass Industry Group Trading Down 17.4%

FYGGY traded down $0.32 during trading on Friday, hitting $1.52. The company had a trading volume of 844 shares, compared to its average volume of 32,387. Fuyao Glass Industry Group has a 1-year low of $1.50 and a 1-year high of $2.69. The business has a 50-day moving average of $1.80 and a 200-day moving average of $1.89.

About Fuyao Glass Industry Group

Fuyao Glass Industry Group Co, Ltd. is a China-based manufacturer of automotive glass and related products. The company supplies windshields, door glass, sidelites, sunroof glass, rear windows and other glass components for passenger vehicles, commercial vehicles and specialty vehicles. Its products are used in both original equipment manufacturing and the automotive replacement-glass market.

Founded in 1987, Fuyao has developed from a domestic Chinese glass producer into an international automotive-supply company.