Founder Group Limited (NASDAQ:FGL) Shares Shorted: Short Interest Down 41.9% in September

Founder Group Limited (NASDAQ:FGL) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 11,803 shares, a drop of 41.9% from the September 15th total of 20,308 shares. Currently, 59.0% of the company’s stock are sold short. Based on an average trading volume of 142,944 shares, the short-interest ratio is presently 0.1 days.

Insider Buying and Selling at Founder Group

In other news, major shareholder Financial Lp Hrt sold 395,774 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $0.15, for a total value of $59,366.10. Following the sale, the insider owned 66,805 shares in the company, valued at approximately $10,020.75. This represents a 85.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have bought 108,927 shares of company stock valued at $59,482 and have sold 397,398 shares valued at $111,231. Insiders own 0.60% of the company’s stock.

Founder Group Trading Up 3.0%

NASDAQ:FGL traded up $0.14 on Thursday, hitting $4.57. 6,630 shares of the company’s stock traded hands, compared to its average volume of 58,142. Founder Group has a 1 year low of $3.81 and a 1 year high of $7,071.00. The firm has a 50-day moving average price of $19.50 and a 200-day moving average price of $117.61.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FGL shares. Wall Street Zen upgraded Founder Group to a “hold” rating in a research note on Saturday, September 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Founder Group in a report on Monday, August 3rd. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Founder Group has an average rating of “Sell”.

About Founder Group

Founder Group Limited is a pure-play, end-to-end EPCC solutions provider for solar PV facilities principally in Malaysia. The company’s primary focus is large-scale solar projects and commercial and industrial solar projects. Founder Group Limited is based in KUALA LUMPUR, Malaysia.