Forward Industries, Inc. (NASDAQ:FORD – Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 94,100 shares, a growth of 279.4% from the September 30th total of 24,800 shares. Currently, 10.3% of the company’s shares are sold short. Based on an average trading volume of 351,300 shares, the days-to-cover ratio is presently 0.3 days.
Analyst Upgrades and Downgrades
Separately, StockNews.com began coverage on Forward Industries in a research report on Wednesday, October 9th. They set a “hold” rating for the company.
View Our Latest Research Report on FORD
Forward Industries Trading Down 0.3 %
Forward Industries (NASDAQ:FORD – Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The textile maker reported ($0.34) earnings per share for the quarter. The business had revenue of $7.89 million for the quarter. Forward Industries had a negative return on equity of 52.85% and a negative net margin of 10.22%.
About Forward Industries
Forward Industries, Inc, together with its subsidiaries, designs, manufactures, sources, markets, and distributes carry and protective solutions. The company operates in two segments: OEM Distribution and Design. The OEM Distribution segment sources and distributes carrying cases and other accessories for medical monitoring and diagnostic kits; and various other portable electronic and non-electronic products, such as sporting and recreational products, bar code scanners, GPS location devices, tablets, and firearms.
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