Short Interest in FGI Industries Ltd. (NASDAQ:FGI) Drops By 39.0%

FGI Industries Ltd. (NASDAQ:FGI) saw a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 10,747 shares, a decline of 39.0% from the January 29th total of 17,616 shares. Based on an average trading volume of 12,450 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.6% of the company’s shares are sold short. Approximately 0.6% of the company’s shares are sold short. Based on an average trading volume of 12,450 shares, the days-to-cover ratio is presently 0.9 days.

FGI Industries Price Performance

FGI stock opened at $5.47 on Friday. FGI Industries has a 1-year low of $2.28 and a 1-year high of $12.62. The business has a 50-day moving average price of $6.10 and a 200 day moving average price of $5.75. The company has a market capitalization of $10.50 million, a P/E ratio of -2.67 and a beta of 1.43.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Zacks Research downgraded FGI Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Wall Street Zen upgraded shares of FGI Industries to a “sell” rating in a report on Saturday, December 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of FGI Industries in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, FGI Industries presently has a consensus rating of “Reduce”.

About FGI Industries

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.