FGI Industries Ltd. (NASDAQ:FGI) Short Interest Update

FGI Industries Ltd. (NASDAQ:FGI) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 19,509 shares, a decrease of 13.5% from the December 31st total of 22,558 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 19,667 shares, the short-interest ratio is presently 1.0 days. Based on an average daily trading volume, of 19,667 shares, the short-interest ratio is presently 1.0 days. Currently, 1.1% of the shares of the company are short sold.

FGI Industries Stock Down 2.9%

Shares of FGI traded down $0.20 during midday trading on Tuesday, reaching $6.49. 1,126 shares of the stock were exchanged, compared to its average volume of 17,698. FGI Industries has a twelve month low of $2.28 and a twelve month high of $12.62. The company has a market cap of $12.45 million, a P/E ratio of -3.16 and a beta of 1.43. The stock’s 50 day simple moving average is $6.53 and its 200 day simple moving average is $5.54.

FGI Industries (NASDAQ:FGI) last released its quarterly earnings results on Friday, November 14th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of ($0.43) by $0.56. FGI Industries had a negative net margin of 2.89% and a negative return on equity of 2.50%. The business had revenue of $35.85 million for the quarter, compared to the consensus estimate of $37.70 million. As a group, analysts predict that FGI Industries will post -0.08 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on FGI. Zacks Research downgraded FGI Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FGI Industries in a research report on Monday, December 29th. Finally, Wall Street Zen raised shares of FGI Industries to a “sell” rating in a research report on Saturday, December 13th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, FGI Industries currently has an average rating of “Reduce”.

About FGI Industries

FGI Industries ltd. supplies kitchen and bath products in the United States, Canada, Europe, and internationally. The company sells sanitaryware products, such as toilets, sinks, pedestals, and toilet seats; wood and wood-substitute furniture for bathrooms, including vanities, mirrors, laundry, medicine cabinets, and other storage systems; shower systems; and customer kitchen cabinetry and other accessory items under the Foremost, avenue, contrac, Jetcoat, rosenberg, and Covered Bridge Cabinetry brand names.