FBS Global Limited (NASDAQ:FBGL – Get Free Report) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 28,469 shares, a decline of 51.1% from the September 15th total of 58,237 shares. Approximately 2.1% of the company’s shares are sold short. Based on an average daily trading volume, of 921,143 shares, the days-to-cover ratio is presently 0.0 days.
FBS Global Stock Down 32.2%
Shares of FBS Global stock traded down $1.13 during trading hours on Wednesday, reaching $2.38. 165,380 shares of the company were exchanged, compared to its average volume of 151,433. FBS Global has a 1 year low of $2.31 and a 1 year high of $14.00. The stock’s fifty day moving average is $3.93 and its 200 day moving average is $5.12.
Wall Street Analyst Weigh In
Separately, Weiss Ratings lowered shares of FBS Global from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, September 28th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.
Hedge Funds Weigh In On FBS Global
An institutional investor recently raised its stake in FBS Global stock. Renaissance Technologies LLC increased its position in shares of FBS Global Limited (NASDAQ:FBGL – Free Report) by 15.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 144,492 shares of the company’s stock after buying an additional 19,647 shares during the period. Renaissance Technologies LLC owned about 1.07% of FBS Global worth $86,000 at the end of the most recent reporting period.
FBS Global Company Profile
FBS Global Limited is a Singapore-based food and beverage company that operates through subsidiaries serving the local dining and catering market. The company’s activities include restaurant operations and the provision of food and beverage services.
Its business is focused on preparing and selling food and beverages to consumers, as well as providing related catering services. The company’s operations are primarily associated with Singapore.
FBS Global Limited is incorporated as a holding company, with its operating activities conducted through subsidiaries.
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