Short Interest in FGI Industries Ltd. (NASDAQ:FGIWW) Rises By 113.7%

FGI Industries Ltd. (NASDAQ:FGIWW) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 62,460 shares, an increase of 113.7% from the June 30th total of 29,231 shares. Based on an average daily volume of 57,071 shares, the days-to-cover ratio is presently 1.1 days.

FGI Industries Trading Down 23.0%

Shares of FGIWW traded down $0.05 during midday trading on Wednesday, hitting $0.15. 1,659 shares of the company traded hands, compared to its average volume of 37,314. FGI Industries has a one year low of $0.01 and a one year high of $1.86. The stock has a 50-day moving average of $0.10 and a 200-day moving average of $0.06.

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.