FGI Industries Ltd. (NASDAQ:FGI – Get Free Report) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 16,300 shares, an increase of 7.9% from the March 15th total of 15,100 shares. Based on an average trading volume of 7,400 shares, the short-interest ratio is presently 2.2 days. Approximately 0.6% of the shares of the company are short sold.
Hedge Funds Weigh In On FGI Industries
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Perritt Capital Management Inc. acquired a new position in FGI Industries in the 4th quarter worth approximately $94,000. Citadel Advisors LLC acquired a new position in FGI Industries in the 3rd quarter worth approximately $59,000. Jane Street Group LLC acquired a new position in FGI Industries in the 1st quarter worth approximately $72,000. Finally, Vanguard Group Inc. acquired a new stake in shares of FGI Industries during the 1st quarter valued at $43,000.
FGI Industries Stock Performance
Shares of FGI traded up $0.09 during midday trading on Wednesday, hitting $1.39. 9,473 shares of the stock traded hands, compared to its average volume of 8,236. The business’s 50 day moving average price is $1.52 and its two-hundred day moving average price is $1.52. The firm has a market capitalization of $13.27 million, a PE ratio of 18.91 and a beta of 1.34. FGI Industries has a 1-year low of $1.26 and a 1-year high of $2.18.
About FGI Industries
FGI Industries ltd. supplies kitchen and bath products in the United States, Canada, and Europe. 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.
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