Short Interest in Forward Industries, Inc. (NASDAQ:FORD) Decreases By 21.2%

Forward Industries, Inc. (NASDAQ:FORD) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totalling 15,600 shares, a drop of 21.2% from the December 15th total of 19,800 shares. Approximately 1.7% of the shares of the stock are short sold. Based on an average daily volume of 30,800 shares, the short-interest ratio is presently 0.5 days.

Forward Industries Price Performance

Forward Industries stock traded up $0.10 during mid-day trading on Thursday, reaching $5.49. 7,437 shares of the company’s stock traded hands, compared to its average volume of 14,993. Forward Industries has a 12-month low of $3.10 and a 12-month high of $8.29. The stock has a 50 day moving average of $4.49 and a two-hundred day moving average of $4.06.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Forward Industries in a research note on Thursday. They set a “hold” rating for the company.

Forward Industries Company Profile

Forward Industries, Inc, together with its subsidiaries, designs, manufactures, sources, markets, and distributes carry and protective solutions. The company operates in two segments: OEM Distribution and Design. The OEM Distribution segment sources and distributes carrying cases and other accessories for medical monitoring and diagnostic kits; and various other portable electronic and non-electronic products, such as sporting and recreational products, bar code scanners, GPS location devices, tablets, and firearms.