Fuyao Glass Industry Group Co., Ltd. (OTCMKTS:FYGGY) Sees Significant Decline in Short Interest

Fuyao Glass Industry Group Co., Ltd. (OTCMKTS:FYGGY) was the recipient of a large decline in short interest in October. As of October 30th, there was short interest totaling 1,146 shares, a decline of 94.1% from the October 15th total of 19,369 shares. Based on an average daily volume of 28,536 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded Fuyao Glass Industry Group to a “neutral” rating in a research note on Monday, August 24th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Fuyao Glass Industry Group Stock Down 9.4%

Shares of FYGGY opened at $1.58 on Wednesday. The stock has a 50 day moving average of $1.78 and a 200 day moving average of $1.88. Fuyao Glass Industry Group has a 12 month low of $1.50 and a 12 month high of $2.68.

About Fuyao Glass Industry Group

Fuyao Glass Industry Group is a China-based manufacturer specializing in automotive glass and related products. Founded in 1987 in Fuqing, Fujian Province, the company supplies glass used in passenger and commercial vehicles. Its products include windshields, side and rear windows, and other automotive glazing, with features and designs tailored to vehicle manufacturers’ specifications. Fuyao also produces float glass, a material used in glass manufacturing and other applications. The company serves automakers and other customers in China and international markets through a global manufacturing and sales network.