Fuyao Glass Industry Group Co., Ltd. (OTCMKTS:FYGGY) Stock Short Interest Falls 94.1%

Fuyao Glass Industry Group Co., Ltd. (OTCMKTS:FYGGY) was the recipient of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 1,146 shares, a drop of 94.1% from the October 15th total of 19,369 shares. Based on an average trading volume of 28,536 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

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

Fuyao Glass Industry Group Stock Performance

Shares of FYGGY stock remained flat at $1.63 on Thursday. 7,850 shares of the company traded hands, compared to its average volume of 31,420. Fuyao Glass Industry Group has a fifty-two week low of $1.50 and a fifty-two week high of $2.68. The business has a fifty day simple moving average of $1.78 and a 200 day simple moving average of $1.87.

About Fuyao Glass Industry Group

Fuyao Glass Industry Group is a China-based manufacturer specializing in automotive glass and related products. Founded in 1987 in Fuqing, Fujian Province, the company supplies glass used in passenger and commercial vehicles. Its products include windshields, side and rear windows, and other automotive glazing, with features and designs tailored to vehicle manufacturers’ specifications. Fuyao also produces float glass, a material used in glass manufacturing and other applications. The company serves automakers and other customers in China and international markets through a global manufacturing and sales network.