FBS Global Limited (NASDAQ:FBGL) Short Interest Update

FBS Global Limited (NASDAQ:FBGL) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 82,132 shares, an increase of 45.9% from the December 15th total of 56,295 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average trading volume of 2,414,195 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 2,414,195 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.6% of the shares of the company are sold short.

FBS Global Trading Down 5.1%

NASDAQ FBGL opened at $0.84 on Friday. FBS Global has a 52 week low of $0.41 and a 52 week high of $5.45. The company has a 50 day moving average price of $0.79 and a 200 day moving average price of $0.68.

FBS Global (NASDAQ:FBGL) last released its earnings results on Friday, October 17th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $3.09 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in FBS Global stock. Citadel Advisors LLC increased its holdings in shares of FBS Global Limited (NASDAQ:FBGL) by 202.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 48,077 shares of the company’s stock after acquiring an additional 32,157 shares during the period. Citadel Advisors LLC owned approximately 0.36% of FBS Global worth $37,000 as of its most recent SEC filing.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on FBGL shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of FBS Global in a research report on Monday, December 29th. Wall Street Zen upgraded FBS Global to a “hold” rating in a report on Saturday, November 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, FBS Global presently has a consensus rating of “Sell”.

FBS Global Company Profile

The predecessor of our principal operating company was incorporated on March 9, 1996 in Singapore under the name Finebuild Systems Pte Ltd. Pursuant to a restructuring that took effect on August 2, 2022, FBS Global Limited, an exempted company incorporated in the Cayman Islands, through its wholly owned subsidiary, Success Elite Developments Limited, a company incorporated in BVI, became the ultimate holding company of our current principal operating subsidiary referred to herein as FBS SG. From its beginning as a construction company since 1996, FBS SG has developed into a premier integrated engineering company that provides a full suite of construction and engineering services.