Founder Group Limited (NASDAQ:FGL) Shares Shorted: Short Interest Down 41.9% in September

Founder Group Limited (NASDAQ:FGL) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 11,803 shares, a decline of 41.9% from the September 15th total of 20,308 shares. Based on an average trading volume of 142,944 shares, the short-interest ratio is currently 0.1 days. Approximately 59.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Founder Group in a report on Monday, August 3rd. Wall Street Zen upgraded Founder Group to a “hold” rating in a research report on Saturday, September 5th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Founder Group currently has an average rating of “Sell”.

Founder Group Trading Up 3.0%

NASDAQ FGL traded up $0.14 on Thursday, reaching $4.57. The company had a trading volume of 6,630 shares, compared to its average volume of 58,142. Founder Group has a 52 week low of $3.81 and a 52 week high of $7,071.00. The stock’s 50 day moving average is $19.50 and its 200-day moving average is $117.61.

Insider Transactions at Founder Group

In other Founder Group news, major shareholder Financial Lp Hrt sold 395,774 shares of Founder Group stock in a transaction on Monday, August 31st. The stock was sold at an average price of $0.15, for a total transaction of $59,366.10. Following the completion of the transaction, the insider directly owned 66,805 shares of the company’s stock, valued at approximately $10,020.75. This trade represents a 85.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders acquired 108,927 shares of company stock worth $59,482 and sold 397,398 shares worth $111,231. 0.60% of the stock is owned by corporate insiders.

Founder Group Company Profile

Founder Group Limited is a pure-play, end-to-end EPCC solutions provider for solar PV facilities principally in Malaysia. The company’s primary focus is large-scale solar projects and commercial and industrial solar projects. Founder Group Limited is based in KUALA LUMPUR, Malaysia.