Short Interest in FGI Industries Ltd. (NASDAQ:FGI) Expands By 7.9%

FGI Industries Ltd. (NASDAQ:FGI) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 16,300 shares, a growth of 7.9% from the March 15th total of 15,100 shares. Based on an average trading volume of 7,400 shares, the days-to-cover ratio is presently 2.2 days. Approximately 0.6% of the shares of the stock are short sold.

FGI Industries Stock Up 1.8 %

FGI Industries stock traded up $0.02 during mid-day trading on Wednesday, hitting $1.32. 10,973 shares of the company were exchanged, compared to its average volume of 8,236. The business has a fifty day moving average of $1.52 and a 200 day moving average of $1.52. FGI Industries has a 1-year low of $1.26 and a 1-year high of $2.18. The company has a market capitalization of $12.64 million, a PE ratio of 18.91 and a beta of 1.34.

FGI Industries (NASDAQ:FGI) last announced its earnings results on Wednesday, March 20th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. The company had revenue of $30.96 million for the quarter, compared to analysts’ expectations of $31.20 million. FGI Industries had a return on equity of 3.96% and a net margin of 0.55%. Research analysts expect that FGI Industries will post 0.08 earnings per share for the current year.

Institutional Trading of FGI Industries

Several large investors have recently made changes to their positions in the business. Perritt Capital Management Inc. bought a new stake in shares of FGI Industries during the fourth quarter worth $94,000. Citadel Advisors LLC bought a new stake in shares of FGI Industries during the third quarter worth $59,000. Jane Street Group LLC bought a new stake in shares of FGI Industries during the first quarter worth $72,000. Finally, Vanguard Group Inc. bought a new stake in shares of FGI Industries during the first quarter worth $43,000.

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.