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

FGI Industries Ltd. (NASDAQ:FGI) was the target of a large decrease in short interest in the month of April. As of April 15th, there was short interest totaling 22,434 shares, a decrease of 89.6% from the March 31st total of 216,563 shares. Based on an average trading volume of 101,357 shares, the short-interest ratio is currently 0.2 days. Currently, 1.2% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of FGI Industries in a report on Friday, March 27th. Zacks Research raised FGI Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, FGI Industries currently has an average rating of “Moderate Buy”.

FGI Industries Price Performance

NASDAQ:FGI traded up $1.45 during trading hours on Friday, hitting $9.26. The company’s stock had a trading volume of 544,488 shares, compared to its average volume of 490,793. The stock has a fifty day simple moving average of $4.90 and a 200-day simple moving average of $5.65. The company has a market capitalization of $17.84 million, a P/E ratio of -2.88 and a beta of 1.58. FGI Industries has a twelve month low of $2.40 and a twelve month high of $12.62.

FGI Industries (NASDAQ:FGI) last released its quarterly earnings data on Thursday, April 9th. The company reported ($0.29) earnings per share for the quarter, beating the consensus estimate of ($0.43) by $0.14. The business had revenue of $30.47 million for the quarter, compared to analyst estimates of $35.50 million. FGI Industries had a negative return on equity of 2.19% and a negative net margin of 4.70%.During the same period last year, the firm posted ($0.34) earnings per share. On average, equities analysts predict that FGI Industries will post -0.27 EPS for the current fiscal year.

FGI Industries Company Profile

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.