Short Interest in FGI Industries Ltd. (NASDAQ:FGI) Rises By 13.6%

FGI Industries Ltd. (NASDAQ:FGI) saw a large growth in short interest in May. As of May 31st, there was short interest totalling 30,000 shares, a growth of 13.6% from the May 15th total of 26,400 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average daily volume of 9,300 shares, the days-to-cover ratio is currently 3.2 days.

FGI Industries Stock Up 2.2 %

NASDAQ:FGI traded up $0.02 on Tuesday, hitting $0.93. The stock had a trading volume of 4,108 shares, compared to its average volume of 8,506. The company has a market cap of $8.89 million, a PE ratio of 15.17 and a beta of 1.39. FGI Industries has a 52 week low of $0.80 and a 52 week high of $1.95. The business’s fifty day moving average is $1.11 and its 200 day moving average is $1.40.

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

Hedge Funds Weigh In On FGI Industries

A hedge fund recently raised its stake in FGI Industries stock. Perritt Capital Management Inc. grew its position in shares of FGI Industries Ltd. (NASDAQ:FGI) by 21.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,000 shares of the company’s stock after acquiring an additional 12,385 shares during the quarter. Perritt Capital Management Inc. owned 0.73% of FGI Industries worth $104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.