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

FGI Industries Ltd. (NASDAQ:FGIGet Free Report) 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

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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.

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