Founder Group Limited (NASDAQ:FGL) Short Interest Up 43.5% in March

Founder Group Limited (NASDAQ:FGL) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 47,191 shares, an increase of 43.5% from the February 26th total of 32,877 shares. Currently, 3.9% of the company’s stock are short sold. Based on an average daily volume of 141,664 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FGL. Weiss Ratings restated a “sell (d)” rating on shares of Founder Group in a research note on Friday. Wall Street Zen raised Founder Group to a “hold” rating in a research report on Saturday, February 14th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Founder Group Stock Up 1.6%

FGL stock traded up $0.04 during midday trading on Monday, reaching $2.50. 90,451 shares of the company were exchanged, compared to its average volume of 168,833. The company has a quick ratio of 1.06, a current ratio of 1.08 and a debt-to-equity ratio of 1.07. Founder Group has a 1-year low of $2.11 and a 1-year high of $154.00. The stock’s 50-day simple moving average is $10.23 and its 200 day simple moving average is $31.31.

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.