Flexible Solutions International, Inc. (FSI) Short Interest Up 220.6% in April
Flexible Solutions International, Inc. (NYSEAMERICAN:FSI) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 93,360 shares, a growth of 220.6% from the March 29th total of 29,124 shares. Based on an average daily volume of 142,030 shares, the short-interest ratio is currently 0.7 days. Approximately 1.5% of the shares of the stock are short sold.
A number of brokerages have recently issued reports on FSI. Zacks Investment Research upgraded shares of Flexible Solutions International from a “hold” rating to a “buy” rating and set a $2.50 target price on the stock in a research report on Thursday, April 4th. Greenridge Global upgraded shares of Flexible Solutions International from a “hold” rating to a “buy” rating and increased their price objective for the company from $2.00 to $2.50 in a report on Wednesday, April 3rd.
NYSEAMERICAN FSI traded up $0.03 during trading hours on Thursday, hitting $2.84. The company’s stock had a trading volume of 38,606 shares, compared to its average volume of 61,651. Flexible Solutions International has a twelve month low of $1.23 and a twelve month high of $2.98. The firm has a market capitalization of $32.38 million and a P/E ratio of 20.29.
The firm also recently disclosed a semiannual dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were issued a $0.075 dividend. The ex-dividend date was Thursday, March 28th. This represents a yield of 6.55%. Flexible Solutions International’s dividend payout ratio is currently 57.14%.
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About Flexible Solutions International
Flexible Solutions International, Inc is an environmental technology company, which engages in the research, development, and manufacture of products that save water and energy. It operates through the Energy and Water Conservation Products; and Biodegradable Polymers business segments. The Energy and Water Conservation Products segment consists of liquid swimming pool blanket which saves energy and water by inhibiting evaporation from the pool surface, and food-safe powdered form of the active ingredient within the liquid blanket.
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