Founder Group Limited (NASDAQ:FGL) Short Interest Up 580.4% in May

Founder Group Limited (NASDAQ:FGL) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 291,839 shares, a growth of 580.4% from the May 14th total of 42,895 shares. Based on an average daily trading volume, of 4,646,643 shares, the days-to-cover ratio is presently 0.1 days. Currently, 27.8% of the company’s shares are sold short.

Analyst Ratings Changes

A number of research firms recently commented on FGL. Wall Street Zen upgraded shares of Founder Group to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings lowered shares of Founder Group from a “sell (d)” rating to a “sell (e+)” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Founder Group Trading Down 5.7%

NASDAQ FGL traded down $0.11 during trading on Friday, hitting $1.79. The company had a trading volume of 125,547 shares, compared to its average volume of 647,124. The company has a quick ratio of 1.14, a current ratio of 1.15 and a debt-to-equity ratio of 0.59. Founder Group has a one year low of $1.44 and a one year high of $143.00. The company’s fifty day moving average is $1.97 and its 200-day moving average is $11.57.

Founder Group (NASDAQ:FGL) last issued its quarterly earnings data on Tuesday, April 28th. The company reported ($0.02) EPS for the quarter. The business had revenue of $8.29 million for the quarter.

About Founder Group

Founder Group is a diversified investment holding company originally established in 1986 by Peking University. The group traces its roots to one of China’s leading academic institutions and has since evolved into a state-owned enterprise focused on fostering innovation and technology commercialization. Leveraging its academic heritage, Founder Group has built a network of subsidiaries and affiliates across a range of high-growth industries.

The company’s main business activities span information technology and digital printing, including integrated circuit design, software development and advanced printing solutions.