FGI Industries Ltd. (NASDAQ:FGI) Short Interest Up 136.1% in October

FGI Industries Ltd. (NASDAQ:FGI) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 126,800 shares, an increase of 136.1% from the October 15th total of 53,700 shares. Currently, 4.9% of the company’s stock are short sold. Based on an average daily volume of 46,500 shares, the short-interest ratio is presently 2.7 days.

FGI Industries Stock Performance

FGI traded down $0.06 on Friday, hitting $0.80. 2,176 shares of the company were exchanged, compared to its average volume of 22,173. FGI Industries has a 12 month low of $0.70 and a 12 month high of $1.85. The company has a market cap of $7.67 million, a PE ratio of -28.67 and a beta of 1.32. The stock’s fifty day moving average is $0.85 and its 200-day moving average is $0.94.

FGI Industries (NASDAQ:FGI) last released its earnings results on Monday, November 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.02. FGI Industries had a positive return on equity of 0.35% and a negative net margin of 0.27%. The business had revenue of $36.10 million for the quarter, compared to analyst estimates of $30.80 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. As a group, equities research analysts expect that FGI Industries will post -0.01 EPS for the current fiscal year.

Institutional Trading of FGI Industries

An institutional investor recently raised its position in FGI Industries stock. Perritt Capital Management Inc. raised its holdings in FGI Industries Ltd. (NASDAQ:FGI) by 21.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,000 shares of the company’s stock after buying an additional 12,385 shares during the period. Perritt Capital Management Inc. owned about 0.73% of FGI Industries worth $104,000 at the end of the most recent quarter.

FGI Industries Company Profile

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.