FGI Industries Ltd. (NASDAQ:FGI) Sees Significant Decline in Short Interest

FGI Industries Ltd. (NASDAQ:FGI) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 9,600 shares, adropof82.0% from the July 15th total of 53,200 shares. Based on an average daily volume of 58,100 shares, the short-interest ratio is presently 0.2 days. Approximately0.5% of the company’s shares are sold short. Approximately0.5% of the company’s shares are sold short. Based on an average daily volume of 58,100 shares, the short-interest ratio is presently 0.2 days.

FGI Industries Trading Down 3.2%

NASDAQ:FGI opened at $3.63 on Friday. FGI Industries has a 12 month low of $2.28 and a 12 month high of $5.50. The stock has a market cap of $6.97 million, a price-to-earnings ratio of -2.44 and a beta of 1.36. The company has a 50-day moving average price of $3.65 and a 200-day moving average price of $3.54.

FGI Industries (NASDAQ:FGI) last issued its quarterly earnings results on Monday, August 11th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.30). FGI Industries had a negative net margin of 2.07% and a negative return on equity of 3.99%. The business had revenue of $31.00 million for the quarter, compared to analysts’ expectations of $32.66 million. Equities analysts forecast that FGI Industries will post -0.08 EPS for the current fiscal year.

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.