FGI Industries Ltd. (NASDAQ:FGI) Short Interest Up 136.1% in October

FGI Industries Ltd. (NASDAQ:FGIGet Free Report) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 126,800 shares, a growth of 136.1% from the October 15th total of 53,700 shares. Currently, 4.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 46,500 shares, the days-to-cover ratio is presently 2.7 days.

Institutional Investors Weigh In On FGI Industries

A hedge fund recently raised its stake in FGI Industries stock. Perritt Capital Management Inc. increased its position in FGI Industries Ltd. (NASDAQ:FGIFree Report) by 21.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,000 shares of the company’s stock after purchasing an additional 12,385 shares during the period. Perritt Capital Management Inc. owned 0.73% of FGI Industries worth $104,000 at the end of the most recent reporting period.

FGI Industries Price Performance

FGI Industries stock traded up $0.00 during trading hours on Wednesday, reaching $0.76. The company had a trading volume of 140,741 shares, compared to its average volume of 21,777. The company has a 50-day moving average price of $0.85 and a 200 day moving average price of $0.94. FGI Industries has a 12-month low of $0.70 and a 12-month high of $1.85.

FGI Industries (NASDAQ:FGIGet Free Report) last posted its earnings results on Monday, November 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02. FGI Industries had a positive return on equity of 0.35% and a negative net margin of 0.27%. The firm had revenue of $36.10 million for the quarter, compared to analysts’ expectations of $30.80 million. During the same period in the previous year, the firm earned $0.05 earnings per share. Analysts forecast that FGI Industries will post -0.01 EPS for the current year.

About FGI Industries

(Get Free Report)

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.

Featured Articles

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