Fuyao Glass Industry Group Co., Ltd. (OTCMKTS:FYGGY) Shares Shorted: Short Interest Up 146.4% in October

Fuyao Glass Industry Group Co., Ltd. (OTCMKTS:FYGGY) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 19,369 shares, a growth of 146.4% from the September 30th total of 7,862 shares. Based on an average daily volume of 34,394 shares, the short-interest ratio is presently 0.6 days.

Fuyao Glass Industry Group Trading Up 6.5%

Shares of FYGGY stock opened at $1.84 on Friday. The business’s 50 day moving average is $1.81 and its two-hundred day moving average is $1.89. Fuyao Glass Industry Group has a twelve month low of $1.50 and a twelve month high of $2.69.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded Fuyao Glass Industry Group to a “neutral” rating in a research report on Monday, August 24th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Fuyao Glass Industry Group Company Profile

Fuyao Glass Industry Group Co, Ltd. is a China-based manufacturer of automotive glass and related products. The company supplies windshields, door glass, sidelites, sunroof glass, rear windows and other glass components for passenger vehicles, commercial vehicles and specialty vehicles. Its products are used in both original equipment manufacturing and the automotive replacement-glass market.

Founded in 1987, Fuyao has developed from a domestic Chinese glass producer into an international automotive-supply company.