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

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

FGI Industries Price Performance

Shares of FGI opened at $0.81 on Friday. FGI Industries has a 1-year low of $0.70 and a 1-year high of $1.64. The company has a 50-day moving average of $0.85 and a 200 day moving average of $0.84. The firm has a market capitalization of $7.77 million, a price-to-earnings 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.