FBS Global Limited (NASDAQ:FBGL) Short Interest Update

FBS Global Limited (NASDAQ:FBGL) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 642,527 shares, a decline of 45.8% from the April 15th total of 1,185,312 shares. Currently, 4.8% of the shares of the company are sold short. Based on an average daily volume of 163,750 shares, the days-to-cover ratio is currently 3.9 days.

FBS Global Trading Up 0.2%

Shares of NASDAQ:FBGL traded up $0.00 during mid-day trading on Friday, reaching $0.54. The company had a trading volume of 13,047 shares, compared to its average volume of 153,045. The company’s 50-day moving average price is $0.60 and its 200-day moving average price is $0.75. FBS Global has a one year low of $0.34 and a one year high of $1.40.

Institutional Investors Weigh In On FBS Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC increased its holdings in shares of FBS Global by 202.0% in the third quarter. Citadel Advisors LLC now owns 48,077 shares of the company’s stock worth $37,000 after purchasing an additional 32,157 shares during the period. Jane Street Group LLC purchased a new position in FBS Global in the fourth quarter worth $54,000. Finally, Renaissance Technologies LLC grew its position in FBS Global by 15.7% in the first quarter. Renaissance Technologies LLC now owns 144,492 shares of the company’s stock worth $86,000 after acquiring an additional 19,647 shares in the last quarter.

FBS Global Company Profile

The predecessor of our principal operating company was incorporated on March 9, 1996 in Singapore under the name Finebuild Systems Pte Ltd. Pursuant to a restructuring that took effect on August 2, 2022, FBS Global Limited, an exempted company incorporated in the Cayman Islands, through its wholly owned subsidiary, Success Elite Developments Limited, a company incorporated in BVI, became the ultimate holding company of our current principal operating subsidiary referred to herein as FBS SG. From its beginning as a construction company since 1996, FBS SG has developed into a premier integrated engineering company that provides a full suite of construction and engineering services.