FGI Industries Ltd. (NASDAQ:FGI – Get Free Report) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 16,300 shares, an increase of 7.9% from the March 15th total of 15,100 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 7,400 shares, the short-interest ratio is presently 2.2 days.
Institutional Trading of FGI Industries
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. purchased a new stake in FGI Industries in the 1st quarter valued at about $43,000. Jane Street Group LLC acquired a new position in shares of FGI Industries in the 1st quarter valued at about $72,000. Citadel Advisors LLC acquired a new position in shares of FGI Industries in the 3rd quarter valued at about $59,000. Finally, Perritt Capital Management Inc. acquired a new position in shares of FGI Industries in the 4th quarter valued at about $94,000.
FGI Industries Price Performance
NASDAQ:FGI traded up $0.02 during trading hours on Wednesday, reaching $1.32. 10,973 shares of the company traded hands, compared to its average volume of 8,236. The firm’s 50-day moving average is $1.52 and its 200-day moving average is $1.52. The stock has a market cap of $12.64 million, a P/E ratio of 18.57 and a beta of 1.34. FGI Industries has a 1-year low of $1.26 and a 1-year high of $2.18.
FGI Industries Company Profile
FGI Industries ltd. supplies kitchen and bath products in the United States, Canada, and Europe. 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.
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