FGI Industries Ltd. (NASDAQ:FGI) Sees Significant Decrease in Short Interest

FGI Industries Ltd. (NASDAQ:FGI) saw a significant decline in short interest in November. As of November 30th, there was short interest totalling 89,500 shares, a decline of 9.2% from the November 15th total of 98,600 shares. Based on an average daily trading volume, of 52,800 shares, the short-interest ratio is currently 1.7 days. Currently, 3.4% of the shares of the company are short sold.

FGI Industries Price Performance

Shares of FGI Industries stock remained flat at $0.85 during trading hours on Friday. 6,291 shares of the company’s stock were exchanged, compared to its average volume of 21,084. The stock has a market cap of $8.13 million, a price-to-earnings ratio of -28.33 and a beta of 1.22. FGI Industries has a 1-year low of $0.70 and a 1-year high of $1.85. The company’s fifty day simple moving average is $0.87 and its 200 day simple moving average is $0.89.

FGI Industries (NASDAQ:FGI) last released its earnings results on Monday, November 11th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. The business had revenue of $36.10 million during the quarter, compared to analysts’ expectations of $30.80 million. FGI Industries had a negative net margin of 0.27% and a positive return on equity of 0.35%. During the same quarter in the previous year, the company earned $0.05 earnings per share. On average, analysts forecast that FGI Industries will post -0.08 EPS for the current year.

FGI Industries Company Profile

FGI Industries ltd. supplies kitchen and bath products in the United States, Canada, Europe, and internationally. The company sells sanitaryware products, such as toilets, sinks, pedestals, and toilet seats; wood and wood-substitute furniture for bathrooms, including vanities, mirrors, laundry, medicine cabinets, and other storage systems; shower systems; and customer kitchen cabinetry and other accessory items under the Foremost, avenue, contrac, Jetcoat, rosenberg, and Covered Bridge Cabinetry brand names.