FGI Industries Ltd. (NASDAQ:FGI) Short Interest Update

FGI Industries Ltd. (NASDAQ:FGI) was the target of a large drop in short interest in November. As of November 30th, there was short interest totalling 89,500 shares, a drop of 9.2% from the November 15th total of 98,600 shares. Approximately 3.4% of the shares of the stock are sold short. Based on an average daily volume of 52,800 shares, the days-to-cover ratio is currently 1.7 days.

FGI Industries Price Performance

FGI traded up $0.03 during trading hours on Tuesday, reaching $0.85. The company’s stock had a trading volume of 19,431 shares, compared to its average volume of 21,011. The business’s 50-day moving average is $0.87 and its 200-day moving average is $0.89. The stock has a market cap of $8.13 million, a PE ratio of -27.10 and a beta of 1.22. FGI Industries has a fifty-two week low of $0.70 and a fifty-two week high of $1.85.

FGI Industries (NASDAQ:FGI) last posted its quarterly earnings data on Monday, November 11th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. FGI Industries had a negative net margin of 0.27% and a positive return on equity of 0.35%. The firm had revenue of $36.10 million during the quarter, compared to analysts’ expectations of $30.80 million. During the same quarter last year, the company posted $0.05 EPS. Analysts expect that FGI Industries will post -0.08 EPS for the current 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.