FGI Industries Ltd. (NASDAQ:FGI) Sees Large Decrease in Short Interest

FGI Industries Ltd. (NASDAQ:FGI) saw a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 89,500 shares, a decline of 9.2% from the November 15th total of 98,600 shares. Based on an average daily trading volume, of 52,800 shares, the days-to-cover ratio is currently 1.7 days. Currently, 3.4% of the shares of the company are short sold.

FGI Industries Stock Performance

NASDAQ FGI traded up $0.03 during trading on Tuesday, reaching $0.85. The company’s stock had a trading volume of 19,431 shares, compared to its average volume of 21,011. FGI Industries has a twelve month low of $0.70 and a twelve month high of $1.85. The firm has a market cap of $8.13 million, a price-to-earnings ratio of -27.10 and a beta of 1.22. The business’s fifty day moving average price is $0.87 and its 200-day moving average price is $0.89.

FGI Industries (NASDAQ:FGI) last issued its quarterly earnings results on Monday, November 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. FGI Industries had a negative net margin of 0.27% and a positive return on equity of 0.35%. The business had revenue of $36.10 million for the quarter, compared to analyst estimates of $30.80 million. During the same period in the previous year, the business posted $0.05 earnings per share. As a group, sell-side analysts forecast that FGI Industries will post -0.08 EPS for the current fiscal year.

FGI Industries Company Profile

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.