Fenbo Holdings Limited (NASDAQ:FEBO) Sees Significant Increase in Short Interest

Fenbo Holdings Limited (NASDAQ:FEBO) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totaling 61,487 shares, a growth of 24.6% from the March 15th total of 49,360 shares. Based on an average daily volume of 7,799 shares, the short-interest ratio is currently 7.9 days. Approximately 0.6% of the shares of the stock are short sold.

Fenbo Price Performance

FEBO stock traded down $0.12 during midday trading on Friday, reaching $1.12. The company’s stock had a trading volume of 1,166 shares, compared to its average volume of 10,943. The business’s 50-day simple moving average is $1.14 and its 200-day simple moving average is $1.01. Fenbo has a 52 week low of $0.61 and a 52 week high of $1.49.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Fenbo in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

About Fenbo

Fenbo Holdings Limited, through its subsidiaries, manufactures and sells personal care electric appliances and toys products. The company offers curling wands and irons, flat irons and hair straighteners, hair dryers, trimmers, nail polishers, pet shampoo brushes, eyebrow pliers, etc. It serves customers in Europe, North America, South America, Asia, and internationally. The company was founded in 1993 and is headquartered in Kwun Tong, Hong Kong. Fenbo Holdings Limited operates as a subsidiary of Luxury Max Investments Limited.