Founder Group Limited (NASDAQ:FGL) Short Interest Down 72.2% in June

Founder Group Limited (NASDAQ:FGL – Get Free Report) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 81,042 shares, a drop of 72.2% from the May 31st total of 291,839 shares. Currently, 7.7% of the shares of the stock are sold short. Based on an average trading volume of 1,174,682 shares, the days-to-cover ratio is currently 0.1 days.

Founder Group Stock Down 4.2%

Shares of Founder Group stock traded down $0.06 during trading on Friday, reaching $1.37. The company’s stock had a trading volume of 25,650 shares, compared to its average volume of 839,757. The firm’s 50-day moving average is $1.87 and its two-hundred day moving average is $8.85. Founder Group has a 52-week low of $1.33 and a 52-week high of $143.00. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.15 and a quick ratio of 1.14.

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Founder Group (NASDAQ:FGL – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $8.29 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Founder Group from a “sell (d)” rating to a “sell (e+)” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

View Our Latest Stock Report on FGL

Founder Group Company Profile

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Founder Group is a diversified investment holding company originally established in 1986 by Peking University. The group traces its roots to one of China’s leading academic institutions and has since evolved into a state-owned enterprise focused on fostering innovation and technology commercialization. Leveraging its academic heritage, Founder Group has built a network of subsidiaries and affiliates across a range of high-growth industries.

The company’s main business activities span information technology and digital printing, including integrated circuit design, software development and advanced printing solutions.

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