FGI Industries Ltd. (NASDAQ:FGI) Sees Large Decrease in Short Interest

FGI Industries Ltd. (NASDAQ:FGI) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 37,000 shares, a decline of 31.6% from the February 13th total of 54,100 shares. Based on an average daily trading volume, of 8,700 shares, the days-to-cover ratio is presently 4.3 days. Currently, 1.4% of the shares of the company are short sold.

FGI Industries Stock Performance

Shares of NASDAQ FGI opened at $0.81 on Friday. FGI Industries has a one year low of $0.70 and a one year high of $1.64. The company’s fifty day moving average is $0.85 and its two-hundred day moving average is $0.84. The firm has a market capitalization of $7.77 million, a P/E ratio of -27.07 and a beta of 1.23.

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.