FGI Industries Ltd. (NASDAQ:FGI) Short Interest Update

FGI Industries Ltd. (NASDAQ:FGI) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 19,509 shares, a drop of 13.5% from the December 31st total of 22,558 shares. Based on an average trading volume of 19,667 shares, the short-interest ratio is currently 1.0 days. Approximately 1.1% of the shares of the stock are sold short. Approximately 1.1% of the shares of the stock are sold short. Based on an average trading volume of 19,667 shares, the short-interest ratio is currently 1.0 days.

FGI Industries Trading Down 2.9%

FGI Industries stock traded down $0.20 during midday trading on Tuesday, reaching $6.49. The company’s stock had a trading volume of 1,126 shares, compared to its average volume of 17,698. FGI Industries has a 52 week low of $2.28 and a 52 week high of $12.62. The business has a 50-day moving average price of $6.53 and a 200-day moving average price of $5.54. The stock has a market cap of $12.45 million, a PE ratio of -3.16 and a beta of 1.43.

FGI Industries (NASDAQ:FGI) last posted its earnings results on Friday, November 14th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.56. The firm had revenue of $35.85 million during the quarter, compared to analysts’ expectations of $37.70 million. FGI Industries had a negative net margin of 2.89% and a negative return on equity of 2.50%. As a group, research analysts predict that FGI Industries will post -0.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FGI. Wall Street Zen raised FGI Industries to a “sell” rating in a report on Saturday, December 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FGI Industries in a research report on Monday, December 29th. Finally, Zacks Research cut shares of FGI Industries from a “strong-buy” rating to a “hold” rating in a research 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

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.