Forward Industries, Inc. (NASDAQ:FORD) Short Interest Update

Forward Industries, Inc. (NASDAQ:FORD) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 25,700 shares, a growth of 52.1% from the February 28th total of 16,900 shares. Approximately 2.9% of the shares of the stock are sold short. Based on an average daily volume of 16,300 shares, the short-interest ratio is presently 1.6 days.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Forward Industries in a research note on Saturday. They set a “hold” rating for the company.

Institutional Trading of Forward Industries

A hedge fund recently bought a new stake in Forward Industries stock. Citadel Advisors LLC bought a new stake in Forward Industries, Inc. (NASDAQ:FORD) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,705 shares of the textile maker’s stock, valued at approximately $53,000. Citadel Advisors LLC owned approximately 0.97% of Forward Industries at the end of the most recent quarter.

Forward Industries Stock Performance

FORD traded up $0.17 during midday trading on Monday, reaching $4.20. 22,850 shares of the company’s stock were exchanged, compared to its average volume of 117,815. Forward Industries has a 1-year low of $3.10 and a 1-year high of $8.29. The business’s 50-day moving average price is $5.08 and its 200 day moving average price is $4.47.

Forward Industries (NASDAQ:FORD) last posted its earnings results on Thursday, February 13th. The textile maker reported ($0.64) earnings per share (EPS) for the quarter. The company had revenue of $6.62 million during the quarter. Forward Industries had a negative net margin of 7.77% and a negative return on equity of 227.10%.

Forward Industries Company Profile

Forward Industries, Inc, together with its subsidiaries, designs, manufactures, sources, markets, and distributes carry and protective solutions. The company operates in two segments: OEM Distribution and Design. The OEM Distribution segment sources and distributes carrying cases and other accessories for medical monitoring and diagnostic kits; and various other portable electronic and non-electronic products, such as sporting and recreational products, bar code scanners, GPS location devices, tablets, and firearms.