Short Interest in Founder Group Limited (NASDAQ:FGL) Expands By 193.5%

Founder Group Limited (NASDAQ:FGL) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 463,059 shares, an increase of 193.5% from the December 31st total of 157,767 shares. Based on an average trading volume of 5,758,251 shares, the short-interest ratio is currently 0.1 days. Currently, 2.4% of the company’s shares are short sold. Currently, 2.4% of the company’s shares are short sold. Based on an average trading volume of 5,758,251 shares, the short-interest ratio is currently 0.1 days.

Founder Group Stock Down 2.7%

NASDAQ:FGL opened at $0.15 on Thursday. Founder Group has a 1 year low of $0.13 and a 1 year high of $1.77. The company has a quick ratio of 1.06, a current ratio of 1.08 and a debt-to-equity ratio of 1.07. The business’s 50-day simple moving average is $0.24.

Analysts Set New Price Targets

Several research analysts have recently commented on FGL shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Founder Group in a research report on Monday, December 29th. Wall Street Zen raised Founder Group to a “hold” rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Founder Group Company Profile

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.