Flexible Solutions International, Inc. (NYSEAMERICAN:FSI) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 228,400 shares, a drop of 11.7% from the August 30th total of 258,600 shares. Based on an average daily volume of 112,400 shares, the days-to-cover ratio is presently 2.0 days. Currently, 3.5% of the company’s shares are short sold.
Separately, Zacks Investment Research downgraded Flexible Solutions International from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 21st.
Shares of NYSEAMERICAN:FSI opened at $2.42 on Tuesday. The company has a market cap of $30.41 million and a P/E ratio of 17.29. Flexible Solutions International has a one year low of $1.23 and a one year high of $4.74. The business’s 50-day simple moving average is $2.63 and its 200 day simple moving average is $3.02.
A number of hedge funds and other institutional investors have recently modified their holdings of FSI. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in Flexible Solutions International during the 2nd quarter valued at approximately $50,000. Jane Street Group LLC acquired a new stake in Flexible Solutions International during the 2nd quarter valued at approximately $52,000. BlackRock Inc. acquired a new stake in Flexible Solutions International during the 2nd quarter valued at approximately $96,000. Finally, Renaissance Technologies LLC grew its stake in Flexible Solutions International by 55.6% during the 2nd quarter. Renaissance Technologies LLC now owns 339,924 shares of the basic materials company’s stock valued at $1,533,000 after purchasing an additional 121,424 shares in the last quarter.
About Flexible Solutions International
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.
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