Founder Group Limited (NASDAQ:FGL) Sees Significant Decline in Short Interest

Founder Group Limited (NASDAQ:FGL) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 20,308 shares, a decline of 95.0% from the August 31st total of 406,154 shares. Approximately 101.5% of the company’s shares are sold short. Based on an average daily trading volume, of 640,935 shares, the short-interest ratio is currently 0.0 days.

Insider Activity at Founder Group

In other news, major shareholder Financial Lp Hrt sold 395,774 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $0.15, for a total value of $59,366.10. Following the completion of the sale, the insider owned 66,805 shares of the company’s stock, valued at approximately $10,020.75. The trade was a 85.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders bought 108,927 shares of company stock valued at $59,482 and sold 397,398 shares valued at $111,231. Corporate insiders own 0.60% of the company’s stock.

Founder Group Trading Down 0.5%

FGL stock opened at $4.41 on Friday. The firm’s 50-day moving average price is $45.60 and its two-hundred day moving average price is $164.33. Founder Group has a 12-month low of $3.81 and a 12-month high of $10,600.00. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.14 and a current ratio of 1.15.

Analyst Ratings Changes

Several equities analysts recently issued reports on FGL shares. Wall Street Zen upgraded Founder Group to a “hold” rating in a research report on Saturday, September 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of Founder Group in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Founder Group Company Profile

Founder Group Limited is a pure-play, end-to-end EPCC solutions provider for solar PV facilities principally in Malaysia. The company’s primary focus is large-scale solar projects and commercial and industrial solar projects. Founder Group Limited is based in KUALA LUMPUR, Malaysia.