Flat Glass Group Co., Ltd. (OTCMKTS:FGSGF) Shares Shorted: Short Interest Up 198.7% in October

Flat Glass Group Co., Ltd. (OTCMKTS:FGSGF) saw a large growth in short interest in October. As of October 30th, there was short interest totaling 103,728 shares, a growth of 198.7% from the October 15th total of 34,728 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised shares of Flat Glass Group from a “sell” rating to a “neutral” rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Flat Glass Group currently has an average rating of “Hold”.

Flat Glass Group Stock Performance

Shares of OTCMKTS:FGSGF remained flat at $0.85 during trading on Friday. The company’s 50-day moving average price is $0.85 and its 200 day moving average price is $1.20. Flat Glass Group has a one year low of $0.85 and a one year high of $1.41.

Flat Glass Group Company Profile

Flat Glass Group Co., Ltd. is a China-based manufacturer of glass products, with a primary focus on photovoltaic glass used in solar power modules. The company produces ultra-clear patterned glass and other specialized glass products designed to support the durability and light transmission requirements of solar panels. In addition to photovoltaic glass, Flat Glass Group manufactures float glass and architectural glass for construction and related applications. Its products are used across the renewable-energy, building-materials and industrial sectors, and the company supplies customers in China and international markets.