Short Interest in FGI Industries Ltd. (NASDAQ:FGI) Rises By 13.6%

FGI Industries Ltd. (NASDAQ:FGI) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 30,000 shares, an increase of 13.6% from the May 15th total of 26,400 shares. Based on an average daily volume of 9,300 shares, the short-interest ratio is currently 3.2 days. Approximately 1.2% of the company’s shares are short sold.

FGI Industries Trading Up 2.2 %

NASDAQ FGI traded up $0.02 on Tuesday, hitting $0.93. The company’s stock had a trading volume of 4,108 shares, compared to its average volume of 8,506. The firm has a market cap of $8.89 million, a P/E ratio of 15.17 and a beta of 1.39. FGI Industries has a 52-week low of $0.80 and a 52-week high of $1.95. The company’s 50-day simple moving average is $1.11 and its 200 day simple moving average is $1.40.

FGI Industries (NASDAQ:FGI) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The business had revenue of $30.75 million during the quarter, compared to analysts’ expectations of $28.70 million. FGI Industries had a return on equity of 2.95% and a net margin of 0.45%. On average, research analysts forecast that FGI Industries will post 0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On FGI Industries

An institutional investor recently raised its position in FGI Industries stock. Perritt Capital Management Inc. boosted its position in FGI Industries Ltd. (NASDAQ:FGI) by 21.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,000 shares of the company’s stock after purchasing an additional 12,385 shares during the quarter. Perritt Capital Management Inc. owned approximately 0.73% of FGI Industries worth $104,000 at the end of the most recent quarter.

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.