Founder Group Limited (NASDAQ:FGL) Sees Significant Drop in Short Interest

Founder Group Limited (NASDAQ:FGL) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 157,767 shares, a decline of 80.1% from the December 15th total of 791,720 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,707,166 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 2,707,166 shares, the short-interest ratio is currently 0.1 days. Currently, 0.8% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FGL. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Founder Group in a report on Monday, December 29th. Wall Street Zen upgraded shares of Founder Group to a “hold” rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Founder Group Stock Performance

Founder Group stock traded up $0.01 during mid-day trading on Thursday, hitting $0.15. 663,052 shares of the company were exchanged, compared to its average volume of 6,046,765. Founder Group has a 12-month low of $0.13 and a 12-month high of $1.97. The firm has a 50 day moving average price of $0.29. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.06 and a current ratio of 1.08.

Founder Group Company Profile

Founder Group is a diversified investment holding company originally established in 1986 by Peking University. The group traces its roots to one of China’s leading academic institutions and has since evolved into a state-owned enterprise focused on fostering innovation and technology commercialization. Leveraging its academic heritage, Founder Group has built a network of subsidiaries and affiliates across a range of high-growth industries.

The company’s main business activities span information technology and digital printing, including integrated circuit design, software development and advanced printing solutions.