Fuyao Glass Industry Group Co., Ltd. (OTCMKTS:FYGGY) Stock Short Interest Falls 94.1%

Fuyao Glass Industry Group Co., Ltd. (OTCMKTS:FYGGY) was the target of a significant decrease in short interest in October. As of October 30th, there was short interest totaling 1,146 shares, a decrease of 94.1% from the October 15th total of 19,369 shares. Based on an average trading volume of 28,536 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded Fuyao Glass Industry Group to a “neutral” rating in a research note on Monday, August 24th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Fuyao Glass Industry Group Price Performance

FYGGY traded down $0.16 during trading on Tuesday, reaching $1.58. 1,597 shares of the stock were exchanged, compared to its average volume of 31,537. Fuyao Glass Industry Group has a twelve month low of $1.50 and a twelve month high of $2.68. The stock’s 50 day moving average price is $1.79 and its two-hundred day moving average price is $1.88.

Fuyao Glass Industry Group Company Profile

Fuyao Glass Industry Group is a China-based manufacturer specializing in automotive glass and related products. Founded in 1987 in Fuqing, Fujian Province, the company supplies glass used in passenger and commercial vehicles. Its products include windshields, side and rear windows, and other automotive glazing, with features and designs tailored to vehicle manufacturers’ specifications. Fuyao also produces float glass, a material used in glass manufacturing and other applications. The company serves automakers and other customers in China and international markets through a global manufacturing and sales network.