Short Interest in Founder Group Limited (NASDAQ:FGL) Decreases By 90.3%

Founder Group Limited (NASDAQ:FGL) was the recipient of a large decrease in short interest in February. As of February 13th, there was short interest totaling 30,723 shares, a decrease of 90.3% from the January 29th total of 316,307 shares. Approximately 16.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 297,495 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 297,495 shares, the days-to-cover ratio is presently 0.1 days. Approximately 16.2% of the shares of the stock are sold short.

Founder Group Price Performance

Shares of FGL stock traded up $0.65 during trading hours on Wednesday, reaching $12.25. 247,614 shares of the stock were exchanged, compared to its average volume of 177,975. Founder Group has a 12-month low of $7.03 and a 12-month high of $155.00. The company has a current ratio of 1.08, a quick ratio of 1.06 and a debt-to-equity ratio of 1.07. The stock’s 50-day moving average is $15.01.

Analysts Set New Price Targets

Several research firms recently commented on FGL. Wall Street Zen upgraded Founder Group to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Founder Group in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Founder Group has a consensus rating of “Sell”.

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.