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

FGI Industries Ltd. (NASDAQ:FGI) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 12,798 shares, a drop of 61.1% from the June 15th total of 32,864 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 30,324 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FGI. Zacks Research cut FGI Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FGI Industries in a research report on Wednesday, June 24th. Finally, Wall Street Zen cut FGI Industries from a “hold” rating to a “sell” rating in a research note on Sunday. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, FGI Industries presently has an average rating of “Reduce”.

FGI Industries Stock Performance

Shares of NASDAQ:FGI traded up $0.16 during trading hours on Tuesday, reaching $4.87. The stock had a trading volume of 23,204 shares, compared to its average volume of 106,748. FGI Industries has a 1 year low of $3.14 and a 1 year high of $12.62. The firm’s 50 day moving average is $5.27 and its 200-day moving average is $5.42. The stock has a market capitalization of $9.40 million, a price-to-earnings ratio of -1.44 and a beta of 2.21.

FGI Industries (NASDAQ:FGI) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.27). The firm had revenue of $30.50 million for the quarter, compared to analysts’ expectations of $33.36 million. FGI Industries had a negative return on equity of 4.56% and a negative net margin of 5.07%. Analysts forecast that FGI Industries will post -0.61 EPS for the current year.

FGI Industries Company Profile

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.