Fenbo Holdings Limited (NASDAQ:FEBO) Stock Short Interest Report for September

Fenbo Holdings Limited (NASDAQ:FEBO) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 124,853 shares, a growth of 210.3% from the September 15th total of 40,242 shares. Based on an average trading volume of 266,538 shares, the days-to-cover ratio is presently 0.5 days. Currently, 1.1% of the company’s stock are sold short.

Fenbo Stock Performance

FEBO stock opened at $0.74 on Wednesday. The company has a 50-day moving average of $0.72 and a two-hundred day moving average of $0.90. Fenbo has a 52-week low of $0.61 and a 52-week high of $1.46.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Fenbo from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, August 14th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Fenbo Company Profile

Fenbo Holdings Limited is a consumer-products company focused on hair styling and personal-care products. Through its operating subsidiaries, the company manufactures and sells products such as hair curlers, hair straighteners, hair dryers, hair rollers and related accessories.

Fenbo serves customers in international markets and provides products for branded, private-label and other commercial applications. Its activities include product development, manufacturing and the distribution of hair-styling and beauty appliances.

The company is organized as a holding company incorporated in the Cayman Islands, with operating activities conducted through subsidiaries.