FGI Industries Ltd. (NASDAQ:FGI) Short Interest Down 39.0% in February

FGI Industries Ltd. (NASDAQ:FGI) saw a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 10,747 shares, a decrease of 39.0% from the January 29th total of 17,616 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 12,450 shares, the short-interest ratio is currently 0.9 days. Based on an average daily trading volume, of 12,450 shares, the short-interest ratio is currently 0.9 days. Currently, 0.6% of the company’s stock are short sold.

FGI Industries Stock Down 3.5%

FGI stock opened at $5.47 on Friday. The stock has a market capitalization of $10.50 million, a PE ratio of -2.67 and a beta of 1.43. FGI Industries has a 52 week low of $2.28 and a 52 week high of $12.62. The firm has a 50 day moving average of $6.10 and a 200 day moving average of $5.75.

Analysts Set New Price Targets

Several research firms have recently commented on FGI. Weiss Ratings reissued a “sell (d-)” rating on shares of FGI Industries in a research report on Monday, December 29th. Zacks Research downgraded shares of FGI Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce”.

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.