Founder Group Limited (NASDAQ:FGL) Stock Short Interest Declines 95.0%

Founder Group Limited (NASDAQ:FGL) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 20,308 shares, a decrease of 95.0% from the August 31st total of 406,154 shares. Approximately 101.5% of the shares of the stock are sold short. Based on an average trading volume of 640,935 shares, the days-to-cover ratio is presently 0.0 days.

Founder Group Stock Down 0.5%

Shares of NASDAQ FGL traded down $0.02 during mid-day trading on Thursday, reaching $4.41. 20,832 shares of the company were exchanged, compared to its average volume of 429,978. Founder Group has a 52 week low of $3.81 and a 52 week high of $10,600.00. The company’s 50 day moving average price is $45.60 and its 200 day moving average price is $164.33. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.14 and a current ratio of 1.15.

Wall Street Analyst Weigh In

Several research analysts have recently commented on FGL shares. Wall Street Zen raised Founder Group to a “hold” rating in a report on Saturday, September 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Founder Group in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Founder Group has an average rating of “Sell”.

Insiders Place Their Bets

In other Founder Group news, major shareholder Financial Lp Hrt sold 395,774 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $0.15, for a total value of $59,366.10. Following the sale, the insider owned 66,805 shares of the company’s stock, valued at $10,020.75. This trade represents a 85.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders bought 108,927 shares of company stock valued at $59,482 and sold 397,398 shares valued at $111,231. 0.60% of the stock is owned by corporate insiders.

About Founder Group

Founder Group Limited is a pure-play, end-to-end EPCC solutions provider for solar PV facilities principally in Malaysia. The company’s primary focus is large-scale solar projects and commercial and industrial solar projects. Founder Group Limited is based in KUALA LUMPUR, Malaysia.