FGI Industries Ltd. (NASDAQ:FGI) Short Interest Update

FGI Industries Ltd. (NASDAQ:FGI) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 44,891 shares, a decrease of 88.1% from the August 15th total of 377,797 shares. Currently, 2.4% of the company’s shares are short sold. Based on an average trading volume of 156,455 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Ratings Changes

A number of equities analysts have commented on FGI shares. Wall Street Zen cut FGI Industries from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. UBS Group set a $13.00 price objective on FGI Industries in a research note on Friday, August 14th. Zacks Research cut shares of FGI Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. Benchmark reaffirmed a “speculative buy” rating and issued a $13.00 target price (up from $8.00) on shares of FGI Industries in a research note on Friday, August 14th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of FGI Industries in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, FGI Industries presently has a consensus rating of “Hold” and a consensus price target of $13.00.

FGI Industries Stock Performance

Shares of FGI Industries stock traded down $0.15 during midday trading on Friday, reaching $8.31. 43,693 shares of the company’s stock traded hands, compared to its average volume of 243,644. The company has a market cap of $16.05 million, a PE ratio of -4.00 and a beta of 2.29. The stock has a 50 day moving average of $6.04 and a 200-day moving average of $5.48. FGI Industries has a 12 month low of $3.14 and a 12 month high of $19.93.

FGI Industries (NASDAQ:FGI) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.50. The business had revenue of $31.89 million for the quarter, compared to analysts’ expectations of $33.85 million. FGI Industries had a negative net margin of 3.07% and a positive return on equity of 10.02%. On average, equities analysts anticipate that FGI Industries will post -0.61 earnings per share for the current fiscal year.

FGI Industries Company Profile

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.