Short Interest in Forward Industries, Inc. (NASDAQ:FORD) Rises By 279.4%

Forward Industries, Inc. (NASDAQ:FORD) 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.

Forward Industries Trading Down 0.3 %

FORD traded down $0.01 during trading on Friday, hitting $3.55. The company had a trading volume of 32,086 shares, compared to its average volume of 133,037. Forward Industries has a one year low of $3.10 and a one year high of $8.29. The firm’s 50-day moving average price is $3.69 and its 200 day moving average price is $4.34.

Forward Industries (NASDAQ:FORD) 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.