FGI Industries Ltd. (NASDAQ:FGI) Short Interest Down 31.3% in December

FGI Industries Ltd. (NASDAQ:FGI) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 22,558 shares, a decrease of 31.3% from the December 15th total of 32,831 shares. Based on an average daily volume of 57,287 shares, the short-interest ratio is presently 0.4 days. Currently, 1.2% of the company’s stock are sold short. Currently, 1.2% of the company’s stock are sold short. Based on an average daily volume of 57,287 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on FGI shares. Zacks Research cut FGI Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Weiss Ratings restated a “sell (d-)” rating on shares of FGI Industries in a report on Monday, December 29th. Finally, Wall Street Zen raised shares of FGI Industries to a “sell” rating in a research report on Saturday, December 13th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, FGI Industries currently has a consensus rating of “Reduce”.

FGI Industries Stock Performance

Shares of FGI stock traded up $0.17 during midday trading on Friday, hitting $6.48. 22,564 shares of the company were exchanged, compared to its average volume of 19,922. FGI Industries has a 52 week low of $2.28 and a 52 week high of $12.62. The firm has a market capitalization of $12.44 million, a P/E ratio of -3.16 and a beta of 1.43. The firm’s 50 day moving average price is $6.21 and its two-hundred day moving average price is $5.27.

FGI Industries (NASDAQ:FGI) last released its quarterly earnings results on Friday, November 14th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of ($0.43) by $0.56. The firm had revenue of $35.85 million for the quarter, compared to analysts’ expectations of $37.70 million. FGI Industries had a negative net margin of 2.89% and a negative return on equity of 2.50%. Analysts expect that FGI Industries will post -0.08 EPS for the current year.

About FGI Industries

FGI Industries ltd. supplies kitchen and bath products in the United States, Canada, Europe, and internationally. The company sells sanitaryware products, such as toilets, sinks, pedestals, and toilet seats; wood and wood-substitute furniture for bathrooms, including vanities, mirrors, laundry, medicine cabinets, and other storage systems; shower systems; and customer kitchen cabinetry and other accessory items under the Foremost, avenue, contrac, Jetcoat, rosenberg, and Covered Bridge Cabinetry brand names.