Short Interest in Flat Glass Group Co., Ltd. (OTCMKTS:FGSGF) Drops By 46.3%

Flat Glass Group Co., Ltd. (OTCMKTS:FGSGF) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 35,925 shares, a decrease of 46.3% from the August 15th total of 66,925 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Flat Glass Group Price Performance

Shares of FGSGF stock opened at $0.85 on Tuesday. Flat Glass Group has a fifty-two week low of $0.85 and a fifty-two week high of $1.41. The stock’s 50-day simple moving average is $1.12 and its 200-day simple moving average is $1.26.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of Flat Glass Group from a “sell” rating to a “neutral” rating in a research report on Monday, July 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Flat Glass Group currently has an average rating of “Hold”.

Flat Glass Group Company Profile

Flat Glass Group Co, Ltd. operates as a comprehensive glass manufacturer, specializing in the research, development, production and sales of a broad range of glass products. Its offerings include high-precision float glass, coated glass, ultra-clear glass, tempered and laminated safety glass, insulating glass units, automotive windshields and solar photovoltaic glass. These products serve applications in construction, automotive, solar energy, electronics and packaging markets.

Headquartered in Zhengzhou, Henan Province, the company traces its origins to state-owned glass production facilities established in the latter half of the 20th century.