Short Interest in Fuling Global Inc (NASDAQ:FORK) Drops By 10.9%

Fuling Global Inc (NASDAQ:FORK) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 4,100 shares, a decrease of 10.9% from the December 15th total of 4,600 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 4,200 shares, the short-interest ratio is presently 1.0 days.

Shares of FORK remained flat at $$2.25 on Thursday. 2,384 shares of the company were exchanged, compared to its average volume of 2,998. Fuling Global has a 12 month low of $1.87 and a 12 month high of $3.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.38 and a quick ratio of 0.88. The company has a fifty day moving average of $2.30 and a two-hundred day moving average of $2.37.

A hedge fund recently raised its stake in Fuling Global stock. Susquehanna International Group LLP boosted its position in Fuling Global Inc (NASDAQ:FORK) by 6.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 155,956 shares of the industrial products company’s stock after purchasing an additional 9,863 shares during the period. Susquehanna International Group LLP owned about 0.99% of Fuling Global worth $326,000 as of its most recent SEC filing. 3.57% of the stock is currently owned by institutional investors and hedge funds.

About Fuling Global

Fuling Global Inc produces and distributes plastic service ware products. The company offers disposable cutlery, including forks, knives, spoons, and utensils; drinking straws; cups and plates; and other plastics products. Fuling Global Inc sells its products directly, as well as through distributors to dealers, QSRs, manufacturers, and retailers.

Read More: Neutral Rating

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