FGI Industries Ltd. (NASDAQ:FGI) Short Interest Update

FGI Industries Ltd. (NASDAQ:FGI) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 27,800 shares, a drop of 7.3% from the May 31st total of 30,000 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average daily volume of 8,900 shares, the days-to-cover ratio is presently 3.1 days.

FGI Industries Stock Down 8.5 %

FGI traded down $0.09 on Tuesday, hitting $0.93. The company had a trading volume of 3,317 shares, compared to its average volume of 8,918. The business’s fifty day simple moving average is $1.04 and its 200 day simple moving average is $1.36. FGI Industries has a 12-month low of $0.80 and a 12-month high of $1.95. The company has a market cap of $8.92 million, a PE ratio of 15.55 and a beta of 1.42.

FGI Industries (NASDAQ:FGI) last announced its earnings results on Wednesday, May 8th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The company had revenue of $30.75 million during the quarter, compared to analysts’ expectations of $28.70 million. FGI Industries had a return on equity of 2.95% and a net margin of 0.45%. On average, analysts anticipate that FGI Industries will post 0.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in FGI Industries stock. Perritt Capital Management Inc. lifted its holdings in FGI Industries Ltd. (NASDAQ:FGI) by 21.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 70,000 shares of the company’s stock after buying an additional 12,385 shares during the quarter. Perritt Capital Management Inc. owned approximately 0.73% of FGI Industries worth $104,000 at the end of the most recent quarter.

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.