FGI Industries Ltd. (NASDAQ:FGI) Short Interest Down 25.5% in March

FGI Industries Ltd. (NASDAQ:FGI) was the recipient of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 4,403 shares, a drop of 25.5% from the February 26th total of 5,908 shares. Based on an average trading volume of 16,209 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the stock are sold short.

Analyst Ratings Changes

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

FGI Industries Price Performance

NASDAQ:FGI traded up $0.43 during mid-day trading on Friday, reaching $3.82. The stock had a trading volume of 52,111 shares, compared to its average volume of 11,904. FGI Industries has a 12 month low of $2.28 and a 12 month high of $12.62. The stock has a market capitalization of $7.33 million, a PE ratio of -1.86 and a beta of 1.45. The stock has a 50-day simple moving average of $5.21 and a two-hundred day simple moving average of $5.76.

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.