Fuyao Glass Industry Group Co., Ltd. (OTCMKTS:FYGGY – Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 8,008 shares, an increase of 464.7% from the August 15th total of 1,418 shares. Based on an average daily trading volume, of 7,865 shares, the days-to-cover ratio is presently 1.0 days.
Fuyao Glass Industry Group Stock Performance
FYGGY traded down $0.02 on Friday, hitting $1.86. The company had a trading volume of 10,480 shares, compared to its average volume of 35,573. The stock has a fifty day simple moving average of $1.80 and a 200-day simple moving average of $1.86. Fuyao Glass Industry Group has a 52-week low of $1.50 and a 52-week high of $2.69.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group downgraded Fuyao Glass Industry Group to a “neutral” rating in a report on Monday, August 24th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.
About Fuyao Glass Industry Group
Fuyao Glass Industry Group Co, Ltd. is a leading China-based manufacturer of automotive and industrial glass products, operating as an over-the-counter traded company under the symbol FYGGY. Founded in 1987 and headquartered in Fuqing, Fujian Province, the company has grown from a domestic producer into a global supplier of safety and specialty glass solutions for original equipment manufacturers (OEMs) and the aftermarket.
The core products of Fuyao Glass include laminated and tempered automotive windshields, side and rear windows, sunroofs, and other specialty glazing components.
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