Short Interest in Forward Industries, Inc. (NASDAQ:FORD) Declines By 21.2%

Forward Industries, Inc. (NASDAQ:FORD) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 15,600 shares, a decline of 21.2% from the December 31st total of 19,800 shares. Based on an average daily volume of 30,800 shares, the short-interest ratio is presently 0.5 days. Approximately 1.7% of the company’s shares are sold short.

Forward Industries Price Performance

Shares of FORD traded down $0.45 during trading hours on Thursday, reaching $5.66. The stock had a trading volume of 32,213 shares, compared to its average volume of 18,485. Forward Industries has a 52 week low of $3.10 and a 52 week high of $8.29. The firm has a 50-day moving average of $4.90 and a 200 day moving average of $4.20.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Forward Industries in a research note on Friday, January 24th. They set a “hold” rating on the stock.

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.