FGI Industries Ltd. (NASDAQ:FGI) Sees Large Decrease in Short Interest

FGI Industries Ltd. (NASDAQ:FGI) was the recipient of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 4,403 shares, a decline of 25.5% from the February 26th total of 5,908 shares. Based on an average daily volume of 16,209 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FGI. Weiss Ratings reissued a “sell (d-)” rating on shares of FGI Industries in a research note on Friday. Wall Street Zen raised FGI Industries to a “sell” rating in a research note on Saturday, December 13th. Finally, Zacks Research cut FGI Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, FGI Industries has an average rating of “Reduce”.

FGI Industries Price Performance

FGI stock opened at $3.63 on Tuesday. FGI Industries has a 1-year low of $2.28 and a 1-year high of $12.62. The business has a 50-day moving average price of $5.15 and a 200 day moving average price of $5.77. The company has a market capitalization of $6.97 million, a P/E ratio of -1.77 and a beta of 1.45.

About FGI Industries

FGI Industries ltd. supplies kitchen and bath products in the United States, Canada, Europe, and internationally. The company sells sanitaryware products, such as toilets, sinks, pedestals, and toilet seats; wood and wood-substitute furniture for bathrooms, including vanities, mirrors, laundry, medicine cabinets, and other storage systems; shower systems; and customer kitchen cabinetry and other accessory items under the Foremost, avenue, contrac, Jetcoat, rosenberg, and Covered Bridge Cabinetry brand names.