FBS Global Limited (NASDAQ:FBGL – Get Free Report) was the target of a significant decrease in short interest in October. As of October 30th, there was short interest totaling 21,143 shares, a decrease of 66.3% from the October 15th total of 62,738 shares. Currently, 1.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,966 shares, the days-to-cover ratio is currently 1.9 days.
FBS Global Stock Down 11.0%
Shares of NASDAQ FBGL opened at $2.10 on Friday. FBS Global has a 52 week low of $2.04 and a 52 week high of $14.00. The firm’s fifty day moving average is $3.15 and its 200 day moving average is $5.50.
Hedge Funds Weigh In On FBS Global
A hedge fund recently raised its stake in FBS Global stock. Renaissance Technologies LLC lifted its position in shares of FBS Global Limited (NASDAQ:FBGL – Free Report) by 15.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 144,492 shares of the company’s stock after purchasing an additional 19,647 shares during the period. Renaissance Technologies LLC owned 1.07% of FBS Global worth $86,000 as of its most recent SEC filing.
Wall Street Analyst Weigh In
Separately, Weiss Ratings cut FBS Global from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, September 28th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, FBS Global presently has an average rating of “Sell”.
Get Our Latest Stock Analysis on FBGL
About FBS Global
FBS Global Limited is a food and beverage waste management and recycling company with operations in Singapore. The company provides services designed to help food and beverage businesses manage waste more efficiently, including the collection, processing and recycling of food-related waste. Its services are intended for customers such as restaurants, food manufacturers, hotels, institutions and other commercial establishments that generate food waste. By treating and repurposing collected waste, FBS Global supports waste diversion and the development of more circular resource-use practices.
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