Fuyao Glass Industry Group Co., Ltd. (OTCMKTS:FYGGY) Short Interest Up 464.7% in August

Fuyao Glass Industry Group Co., Ltd. (OTCMKTS:FYGGY) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 8,008 shares, an increase of 464.7% from the August 15th total of 1,418 shares. Based on an average daily volume of 7,865 shares, the days-to-cover ratio is presently 1.0 days.

Fuyao Glass Industry Group Stock Performance

Fuyao Glass Industry Group stock remained flat at $1.88 during trading hours on Friday. The company’s stock had a trading volume of 653 shares, compared to its average volume of 35,730. The stock’s fifty day moving average price is $1.79 and its 200 day moving average price is $1.86. Fuyao Glass Industry Group has a 52-week low of $1.50 and a 52-week high of $2.69.

Analyst Ratings Changes

Separately, The Goldman Sachs Group downgraded shares of Fuyao Glass Industry Group to a “neutral” rating in a research report on Monday, August 24th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Fuyao Glass Industry Group presently has a consensus rating of “Hold”.

Fuyao Glass Industry Group Company Profile

Fuyao Glass Industry Group Co, Ltd. is a leading China-based manufacturer of automotive and industrial glass products, operating as an over-the-counter traded company under the symbol FYGGY. Founded in 1987 and headquartered in Fuqing, Fujian Province, the company has grown from a domestic producer into a global supplier of safety and specialty glass solutions for original equipment manufacturers (OEMs) and the aftermarket.

The core products of Fuyao Glass include laminated and tempered automotive windshields, side and rear windows, sunroofs, and other specialty glazing components.