FGI Industries Ltd. (NASDAQ:FGI) Sees Large Decrease in Short Interest

FGI Industries Ltd. (NASDAQ:FGI) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 18,100 shares, a decline of 46.9% from the March 15th total of 34,100 shares. Based on an average daily trading volume, of 28,800 shares, the short-interest ratio is presently 0.6 days. Currently, 0.7% of the shares of the company are short sold.

FGI Industries Stock Performance

FGI traded down $0.00 on Wednesday, reaching $0.48. The company had a trading volume of 1,995 shares, compared to its average volume of 26,554. The company’s fifty day moving average is $0.78 and its 200 day moving average is $0.82. The stock has a market cap of $4.61 million, a P/E ratio of -16.01 and a beta of 1.18. FGI Industries has a fifty-two week low of $0.46 and a fifty-two week high of $1.39.

FGI Industries (NASDAQ:FGI) last released its quarterly earnings results on Wednesday, March 26th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04). FGI Industries had a negative net margin of 0.27% and a positive return on equity of 0.35%. The business had revenue of $35.59 million during the quarter, compared to analyst estimates of $33.09 million. On average, sell-side analysts expect that FGI Industries will post -0.08 EPS for the current year.

About FGI Industries

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.