Founder Group Limited (NASDAQ:FGL) Short Interest Down 27.6% in December

Founder Group Limited (NASDAQ:FGL) saw a significant decline in short interest in December. As of December 15th, there was short interest totaling 791,720 shares, a decline of 27.6% from the November 30th total of 1,094,168 shares. Currently, 4.1% of the shares of the stock are sold short. Based on an average daily volume of 867,974 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 867,974 shares, the days-to-cover ratio is currently 0.9 days. Currently, 4.1% of the shares of the stock are sold short.

Founder Group Stock Down 7.8%

Shares of NASDAQ:FGL traded down $0.01 during trading on Tuesday, hitting $0.16. 1,189,290 shares of the company’s stock were exchanged, compared to its average volume of 3,859,597. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.08 and a quick ratio of 1.06. The company’s 50-day moving average is $0.35. Founder Group has a 1-year low of $0.13 and a 1-year high of $2.55.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FGL. Weiss Ratings restated a “sell (d)” rating on shares of Founder Group in a research note on Monday, December 22nd. Wall Street Zen raised shares of Founder Group to a “hold” rating in a research note on Saturday, November 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Founder Group currently has an average rating of “Sell”.

About Founder Group

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.