FBS Global Limited (NASDAQ:FBGL) Short Interest Update

FBS Global Limited (NASDAQ:FBGL) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 162,848 shares, a decline of 41.6% from the May 31st total of 278,974 shares. Approximately 1.2% of the company’s shares are sold short. Based on an average daily volume of 103,239 shares, the short-interest ratio is currently 1.6 days.

Institutional Trading of FBS Global

Several large investors have recently bought and sold shares of FBGL. Citadel Advisors LLC raised its position in shares of FBS Global by 202.0% in the 3rd quarter. Citadel Advisors LLC now owns 48,077 shares of the company’s stock worth $37,000 after acquiring an additional 32,157 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of FBS Global during the fourth quarter valued at approximately $121,000. Finally, Jane Street Group LLC purchased a new stake in FBS Global in the fourth quarter worth $54,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised FBS Global from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, June 25th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

FBS Global Trading Up 1.2%

Shares of FBGL traded up $0.01 during trading hours on Wednesday, reaching $0.52. 2,534 shares of the company traded hands, compared to its average volume of 1,075,651. FBS Global has a 12 month low of $0.34 and a 12 month high of $1.40. The company’s fifty day moving average price is $0.57 and its two-hundred day moving average price is $0.73.

FBS Global Company Profile

The predecessor of our principal operating company was incorporated on March 9, 1996 in Singapore under the name Finebuild Systems Pte Ltd. Pursuant to a restructuring that took effect on August 2, 2022, FBS Global Limited, an exempted company incorporated in the Cayman Islands, through its wholly owned subsidiary, Success Elite Developments Limited, a company incorporated in BVI, became the ultimate holding company of our current principal operating subsidiary referred to herein as FBS SG. From its beginning as a construction company since 1996, FBS SG has developed into a premier integrated engineering company that provides a full suite of construction and engineering services.