Founder Group Limited (NASDAQ:FGL) Short Interest Down 76.5% in June

Founder Group Limited (NASDAQ:FGL) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 19,029 shares, a decline of 76.5% from the June 15th total of 81,042 shares. Currently, 1.8% of the company’s shares are short sold. Based on an average trading volume of 198,857 shares, the short-interest ratio is currently 0.1 days.

Founder Group Stock Performance

FGL opened at $1.29 on Tuesday. The business’s 50-day moving average price is $1.77 and its two-hundred day moving average price is $6.63. Founder Group has a 1 year low of $1.25 and a 1 year high of $143.00. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.15 and a quick ratio of 1.14.

Founder Group (NASDAQ:FGL) last posted its quarterly earnings data on Tuesday, April 28th. The company reported ($0.02) earnings per share for the quarter. The firm had revenue of $8.29 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Founder Group from a “sell (d)” rating to a “sell (e+)” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus 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.