Founder Group Limited (NASDAQ:FGL) Sees Large Drop in Short Interest

Founder Group Limited (NASDAQ:FGL) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 5,726 shares, a decrease of 69.9% from the June 30th total of 19,029 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 160,835 shares, the short-interest ratio is currently 0.0 days.

Founder Group Stock Performance

Shares of FGL remained flat at $1.04 during midday trading on Monday. The company’s stock had a trading volume of 98,962 shares, compared to its average volume of 548,342. The company’s fifty day moving average is $1.60 and its 200-day moving average is $5.65. Founder Group has a 12 month low of $0.80 and a 12 month high of $143.00. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.15 and a quick ratio of 1.14.

Founder Group (NASDAQ:FGL) last posted its earnings results on Tuesday, April 28th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $8.29 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Founder Group from a “sell (d)” rating to a “sell (e+)” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

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.