Flexible Solutions International, Inc. (NYSEAMERICAN:FSI) Short Interest Up 86.7% in June

Flexible Solutions International, Inc. (NYSEAMERICAN:FSI) was the target of a large increase in short interest in June. As of June 30th, there was short interest totalling 303,700 shares, an increase of 86.7% from the May 30th total of 162,700 shares. Based on an average daily volume of 222,500 shares, the short-interest ratio is currently 1.4 days. Approximately 5.0% of the shares of the stock are short sold.

FSI stock traded down $0.13 during midday trading on Thursday, hitting $4.24. The stock had a trading volume of 248,166 shares, compared to its average volume of 135,206. The stock has a market capitalization of $48.47 million and a P/E ratio of 30.29. Flexible Solutions International has a 12-month low of $1.23 and a 12-month high of $4.74.

Flexible Solutions International (NYSEAMERICAN:FSI) last released its earnings results on Friday, May 17th. The basic materials company reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.05. The firm had revenue of $8.47 million during the quarter, compared to analysts’ expectations of $6.95 million.

Several analysts have commented on the stock. Greenridge Global raised shares of Flexible Solutions International from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd. Zacks Investment Research raised shares of IQE from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th.

Flexible Solutions International Company Profile

Flexible Solutions International, Inc is an environmental technology company, which engages in the research, development, and manufacture of products that save water and energy. It operates through the Energy and Water Conservation Products; and Biodegradable Polymers business segments. The Energy and Water Conservation Products segment consists of liquid swimming pool blanket which saves energy and water by inhibiting evaporation from the pool surface, and food-safe powdered form of the active ingredient within the liquid blanket.

See Also: Why Dividend Stocks May Be Right for You

Receive News & Ratings for Flexible Solutions International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flexible Solutions International and related companies with MarketBeat.com's FREE daily email newsletter.