Founder Group Limited (NASDAQ:FGL) Short Interest Update

Founder Group Limited (NASDAQ:FGL) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 291,839 shares, a growth of 580.4% from the May 14th total of 42,895 shares. Approximately 27.8% of the company’s stock are short sold. Based on an average daily volume of 4,646,643 shares, the short-interest ratio is currently 0.1 days.

Founder Group Stock Performance

FGL stock traded up $0.00 during mid-day trading on Wednesday, reaching $1.77. 241,664 shares of the stock traded hands, compared to its average volume of 550,099. The company has a quick ratio of 1.14, a current ratio of 1.15 and a debt-to-equity ratio of 0.59. Founder Group has a 52 week low of $1.44 and a 52 week high of $143.00. The business has a 50-day moving average of $2.00 and a two-hundred day moving average of $12.07.

Founder Group (NASDAQ:FGL) last issued its quarterly earnings results on Tuesday, April 28th. The company reported ($0.02) EPS for the quarter. The business had revenue of $8.29 million during the quarter.

Wall Street Analyst Weigh In

FGL has been the subject of a number of research analyst reports. Weiss Ratings lowered Founder Group from a “sell (d)” rating to a “sell (e+)” rating in a report on Wednesday, May 6th. Wall Street Zen raised shares of Founder Group to a “hold” rating in a research note on Saturday, February 14th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company 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.