Founder Group Limited (NASDAQ:FGL) Short Interest Down 80.1% in December

Founder Group Limited (NASDAQ:FGL) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 157,767 shares, a decrease of 80.1% from the December 15th total of 791,720 shares. Based on an average daily trading volume, of 2,707,166 shares, the short-interest ratio is presently 0.1 days. Approximately 0.8% of the shares of the company are short sold. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 2,707,166 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

FGL has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Founder Group in a report on Monday, December 29th. Wall Street Zen raised Founder Group to a “hold” rating in a report on Saturday, November 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Founder Group Stock Down 7.6%

Founder Group stock traded down $0.01 during mid-day trading on Tuesday, hitting $0.16. 586,460 shares of the company’s stock traded hands, compared to its average volume of 7,115,358. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.08 and a quick ratio of 1.06. Founder Group has a one year low of $0.13 and a one year high of $2.55. The company has a 50 day moving average price of $0.31.

About Founder Group

Founder Group is a diversified investment holding company originally established in 1986 by Peking University. The group traces its roots to one of China’s leading academic institutions and has since evolved into a state-owned enterprise focused on fostering innovation and technology commercialization. Leveraging its academic heritage, Founder Group has built a network of subsidiaries and affiliates across a range of high-growth industries.

The company’s main business activities span information technology and digital printing, including integrated circuit design, software development and advanced printing solutions.