Short Interest in Forward Industries, Inc. (NASDAQ:FORD) Drops By 11.1%

Forward Industries, Inc. (NASDAQ:FORD) was the target of a large drop in short interest in September. As of September 30th, there was short interest totalling 24,800 shares, a drop of 11.1% from the September 15th total of 27,900 shares. Based on an average trading volume of 403,500 shares, the short-interest ratio is currently 0.1 days. Currently, 2.7% of the shares of the stock are short sold.

Forward Industries Stock Up 1.2 %

Shares of NASDAQ:FORD traded up $0.04 during trading on Thursday, hitting $3.45. 76,894 shares of the company were exchanged, compared to its average volume of 136,322. Forward Industries has a 1-year low of $3.10 and a 1-year high of $8.29. The business’s 50 day moving average is $3.70 and its 200-day moving average is $4.42.

Forward Industries (NASDAQ:FORD) last announced its earnings results on Wednesday, August 14th. The textile maker reported ($0.34) earnings per share for the quarter. The firm had revenue of $7.89 million for the quarter. Forward Industries had a negative return on equity of 52.85% and a negative net margin of 10.22%.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Forward Industries in a research report on Wednesday, October 9th. They set a “hold” rating for the company.

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.