FGI Industries Ltd. (NASDAQ:FGI) Short Interest Up 222.6% in April

FGI Industries Ltd. (NASDAQ:FGI) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 72,380 shares, a growth of 222.6% from the April 15th total of 22,434 shares. Approximately 4.0% of the company’s stock are short sold. Based on an average daily volume of 538,476 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

FGI has been the subject of a number of recent research reports. Zacks Research upgraded shares of FGI Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 14th. Weiss Ratings restated a “sell (d-)” rating on shares of FGI Industries in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

FGI Industries Price Performance

Shares of NASDAQ FGI traded down $0.64 during trading on Thursday, hitting $5.35. The stock had a trading volume of 85,378 shares, compared to its average volume of 331,730. FGI Industries has a 12 month low of $2.50 and a 12 month high of $12.62. The company has a market capitalization of $10.33 million, a PE ratio of -1.66 and a beta of 2.22. The firm has a fifty day moving average of $5.15 and a two-hundred day moving average of $5.72.

FGI Industries (NASDAQ:FGI) last posted its earnings results on Thursday, April 9th. The company reported ($0.29) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.43) by $0.14. FGI Industries had a negative net margin of 4.70% and a negative return on equity of 2.19%. The firm had revenue of $30.47 million during the quarter, compared to analyst estimates of $35.50 million. During the same quarter in the prior year, the business posted ($0.34) EPS. On average, equities analysts expect that FGI Industries will post -0.27 earnings per share for the current fiscal year.

About FGI Industries

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.