Founder Group Limited (NASDAQ:FGL) Short Interest Update

Founder Group Limited (NASDAQ:FGL) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 406,154 shares, a growth of 319.7% from the August 15th total of 96,779 shares. Based on an average daily trading volume, of 13,484,984 shares, the days-to-cover ratio is presently 0.0 days. Currently, 2,030.8% of the company’s shares are sold short.

Founder Group Price Performance

Shares of Founder Group stock opened at $5.45 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.14 and a current ratio of 1.15. The business has a 50-day moving average of $68.26 and a 200 day moving average of $225.43. Founder Group has a 12 month low of $4.17 and a 12 month high of $14,000.00.

Insider Buying and Selling

In other Founder Group news, major shareholder Financial Lp Hrt sold 395,774 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $0.15, for a total transaction of $59,366.10. Following the completion of the transaction, the insider owned 66,805 shares of the company’s stock, valued at $10,020.75. This trade represents a 85.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders have bought 108,927 shares of company stock valued at $59,482 and have sold 397,398 shares valued at $111,231.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Founder Group in a research report on Monday, August 3rd. Wall Street Zen raised Founder Group to a “hold” rating in a research report on Saturday, September 5th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

About Founder Group

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.