Short Interest in Forward Industries, Inc. (NASDAQ:FORD) Drops By 21.2%

Forward Industries, Inc. (NASDAQ:FORD) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 15,600 shares, a decline of 21.2% from the December 15th total of 19,800 shares. Currently, 1.7% of the company’s shares are short sold. Based on an average daily volume of 30,800 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Forward Industries in a report on Thursday. They set a “hold” rating on the stock.

Forward Industries Price Performance

Shares of FORD traded up $0.10 during mid-day trading on Thursday, hitting $5.49. The company’s stock had a trading volume of 7,437 shares, compared to its average volume of 14,993. The company’s 50-day moving average is $4.49 and its 200-day moving average is $4.06. Forward Industries has a 52-week low of $3.10 and a 52-week high of $8.29.

Forward Industries Company Profile

Forward Industries, Inc, together with its subsidiaries, designs, manufactures, sources, markets, and distributes carry and protective solutions. The company operates in two segments: OEM Distribution and Design. The OEM Distribution segment sources and distributes carrying cases and other accessories for medical monitoring and diagnostic kits; and various other portable electronic and non-electronic products, such as sporting and recreational products, bar code scanners, GPS location devices, tablets, and firearms.