FGI Industries Ltd. (NASDAQ:FGI) Sees Significant Increase in Short Interest

FGI Industries Ltd. (NASDAQ:FGI) saw a significant growth in short interest in the month of August. As of August 15th, there was short interest totalling 28,000 shares, a growth of 5.3% from the July 31st total of 26,600 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,100 shares, the short-interest ratio is currently 3.9 days.

FGI Industries Stock Performance

NASDAQ:FGI opened at $0.76 on Tuesday. The firm has a market capitalization of $7.29 million, a price-to-earnings ratio of 12.71 and a beta of 1.42. FGI Industries has a 52-week low of $0.75 and a 52-week high of $1.85. The stock has a fifty day moving average of $0.94 and a 200 day moving average of $1.15.

FGI Industries (NASDAQ:FGI) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02). The business had revenue of $29.37 million for the quarter, compared to the consensus estimate of $31.30 million. FGI Industries had a net margin of 0.51% and a return on equity of 2.67%. Equities analysts forecast that FGI Industries will post -0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On FGI Industries

An institutional investor recently raised its position in FGI Industries stock. Perritt Capital Management Inc. raised its position in shares of FGI Industries Ltd. (NASDAQ:FGI) by 21.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,000 shares of the company’s stock after purchasing an additional 12,385 shares during the period. Perritt Capital Management Inc. owned approximately 0.73% of FGI Industries worth $104,000 at the end of the most recent reporting period.

FGI Industries Company Profile

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.