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

Founder Group Limited (NASDAQ:FGL) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 406,154 shares, an increase of 319.7% from the August 15th total of 96,779 shares. Based on an average daily trading volume, of 13,484,984 shares, the days-to-cover ratio is currently 0.0 days. Approximately 2,030.8% of the shares of the company are sold short.

Insiders Place Their Bets

In related news, major shareholder Financial Lp Hrt sold 395,774 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $0.15, for a total transaction of $59,366.10. Following the transaction, the insider directly owned 66,805 shares of the company’s stock, valued at approximately $10,020.75. This trade represents a 85.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders acquired 108,927 shares of company stock worth $59,482 and sold 397,398 shares worth $111,231. 0.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on FGL shares. Wall Street Zen upgraded Founder Group to a “hold” rating in a research report on Saturday, September 5th. Weiss Ratings restated a “sell (e+)” rating on shares of Founder Group in a research report on Monday, August 3rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Founder Group has a consensus rating of “Sell”.

Founder Group Stock Up 6.9%

Shares of FGL traded up $0.35 on Friday, reaching $5.45. The company’s stock had a trading volume of 1,975,911 shares, compared to its average volume of 296,608. The company has a current ratio of 1.15, a quick ratio of 1.14 and a debt-to-equity ratio of 0.59. The firm has a fifty day moving average of $68.26 and a 200-day moving average of $229.89. Founder Group has a twelve month low of $4.17 and a twelve month high of $14,000.00.

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.