Flat Glass Group Co., Ltd. (OTCMKTS:FGSGF) Short Interest Update

Flat Glass Group Co., Ltd. (OTCMKTS:FGSGF) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 35,925 shares, a decrease of 46.3% from the August 15th total of 66,925 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of Flat Glass Group from a “sell” rating to a “neutral” rating in a report on Monday, July 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Flat Glass Group Stock Performance

Shares of FGSGF opened at $0.85 on Tuesday. The company has a 50 day moving average of $1.12 and a two-hundred day moving average of $1.26. Flat Glass Group has a twelve month low of $0.85 and a twelve month high of $1.41.

Flat Glass Group Company Profile

Flat Glass Group Co, Ltd. operates as a comprehensive glass manufacturer, specializing in the research, development, production and sales of a broad range of glass products. Its offerings include high-precision float glass, coated glass, ultra-clear glass, tempered and laminated safety glass, insulating glass units, automotive windshields and solar photovoltaic glass. These products serve applications in construction, automotive, solar energy, electronics and packaging markets.

Headquartered in Zhengzhou, Henan Province, the company traces its origins to state-owned glass production facilities established in the latter half of the 20th century.