Flexible Solutions International, Inc. (NYSEAMERICAN:FSI) Short Interest Up 9.6% in August

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Flexible Solutions International, Inc. (NYSEAMERICAN:FSI) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 381,700 shares, an increase of 9.6% from the July 31st total of 348,400 shares. Based on an average trading volume of 248,500 shares, the days-to-cover ratio is currently 1.5 days. Currently, 5.9% of the shares of the stock are sold short.

Shares of NYSEAMERICAN:FSI opened at $2.48 on Monday. Flexible Solutions International has a 12-month low of $1.23 and a 12-month high of $4.74. The stock has a market cap of $30.05 million and a PE ratio of 17.71.

Flexible Solutions International (NYSEAMERICAN:FSI) last announced its quarterly earnings data on Wednesday, August 14th. The basic materials company reported $0.00 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.06). The firm had revenue of $6.77 million during the quarter, compared to analysts’ expectations of $8.35 million.

Several large investors have recently made changes to their positions in the company. Renaissance Technologies LLC grew its stake in shares of Flexible Solutions International by 55.6% during the second quarter. Renaissance Technologies LLC now owns 339,924 shares of the basic materials company’s stock valued at $1,533,000 after buying an additional 121,424 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Flexible Solutions International in the second quarter worth about $96,000. Jane Street Group LLC bought a new stake in shares of Flexible Solutions International in the second quarter worth about $52,000. Finally, DORCHESTER WEALTH MANAGEMENT Co bought a new stake in shares of Flexible Solutions International in the second quarter worth about $50,000.

Separately, Zacks Investment Research cut Flexible Solutions International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 21st.

Flexible Solutions International Company Profile

Flexible Solutions International, Inc is an environmental technology company, which engages in the research, development, and manufacture of products that save water and energy. It operates through the Energy and Water Conservation Products; and Biodegradable Polymers business segments. The Energy and Water Conservation Products segment consists of liquid swimming pool blanket which saves energy and water by inhibiting evaporation from the pool surface, and food-safe powdered form of the active ingredient within the liquid blanket.

Further Reading: Quiet Period Expirations Explained

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