Founder Group Limited (NASDAQ:FGL) Sees Large Drop in Short Interest

Founder Group Limited (NASDAQ:FGL) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 19,029 shares, a decrease of 76.5% from the June 15th total of 81,042 shares. Currently, 1.8% of the company’s shares are short sold. Based on an average trading volume of 198,857 shares, the short-interest ratio is presently 0.1 days.

Founder Group Trading Down 3.6%

Shares of Founder Group stock traded down $0.05 during trading hours on Friday, reaching $1.35. 28,096 shares of the company were exchanged, compared to its average volume of 121,435. Founder Group has a 1 year low of $1.33 and a 1 year high of $143.00. The stock’s fifty day moving average is $1.78 and its 200 day moving average is $6.74. The company has a quick ratio of 1.14, a current ratio of 1.15 and a debt-to-equity ratio of 0.59.

Founder Group (NASDAQ:FGL) last released its earnings results on Tuesday, April 28th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $8.29 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Founder Group from a “sell (d)” rating to a “sell (e+)” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Founder Group presently has an average rating of “Sell”.

Founder Group Company Profile

Founder Group is a diversified investment holding company originally established in 1986 by Peking University. The group traces its roots to one of China’s leading academic institutions and has since evolved into a state-owned enterprise focused on fostering innovation and technology commercialization. Leveraging its academic heritage, Founder Group has built a network of subsidiaries and affiliates across a range of high-growth industries.

The company’s main business activities span information technology and digital printing, including integrated circuit design, software development and advanced printing solutions.