FGI Industries Ltd. (NASDAQ:FGI) Short Interest Down 44.1% in May

FGI Industries Ltd. (NASDAQ:FGIGet Free Report) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 40,434 shares, a decline of 44.1% from the April 30th total of 72,380 shares. Approximately 2.2% of the company’s shares are sold short. Based on an average daily trading volume, of 75,629 shares, the short-interest ratio is presently 0.5 days.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Zacks Research upgraded FGI Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. Weiss Ratings restated a “sell (d-)” rating on shares of FGI Industries in a report on Friday, March 27th. Finally, Wall Street Zen upgraded FGI Industries to a “hold” rating in a report on Saturday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

View Our Latest Analysis on FGI

FGI Industries Stock Performance

Shares of NASDAQ FGI traded up $0.32 during trading hours on Thursday, hitting $5.82. The stock had a trading volume of 11,622 shares, compared to its average volume of 125,815. The company has a market capitalization of $11.23 million, a P/E ratio of -1.73 and a beta of 2.16. The firm’s 50-day moving average price is $5.59 and its two-hundred day moving average price is $5.75. FGI Industries has a 52 week low of $2.65 and a 52 week high of $12.62.

FGI Industries (NASDAQ:FGIGet Free Report) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.27). The firm had revenue of $30.50 million during the quarter, compared to the consensus estimate of $33.36 million. FGI Industries had a negative net margin of 5.07% and a negative return on equity of 4.56%. As a group, analysts expect that FGI Industries will post -0.61 EPS for the current fiscal year.

FGI Industries Company Profile

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FGI Industries ltd. supplies kitchen and bath products in the United States, Canada, Europe, and internationally. The company sells sanitaryware products, such as toilets, sinks, pedestals, and toilet seats; wood and wood-substitute furniture for bathrooms, including vanities, mirrors, laundry, medicine cabinets, and other storage systems; shower systems; and customer kitchen cabinetry and other accessory items under the Foremost, avenue, contrac, Jetcoat, rosenberg, and Covered Bridge Cabinetry brand names.

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