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

FGI Industries Ltd. (NASDAQ:FGI) saw 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. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 7,400 shares, the days-to-cover ratio is currently 2.2 days.

FGI Industries Price Performance

Shares of FGI stock traded up $0.02 during trading hours on Wednesday, reaching $1.32. The company had a trading volume of 10,973 shares, compared to its average volume of 8,236. The business has a fifty day simple moving average of $1.52 and a 200-day simple moving average of $1.52. The company has a market cap of $12.64 million, a price-to-earnings ratio of 18.91 and a beta of 1.34. FGI Industries has a 12 month low of $1.26 and a 12 month high of $2.18.

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

Institutional Trading of FGI Industries

A number of hedge funds have recently bought and sold shares of the business. Perritt Capital Management Inc. purchased a new stake in FGI Industries in the fourth quarter worth $94,000. Citadel Advisors LLC purchased a new stake in FGI Industries in the third quarter worth $59,000. Jane Street Group LLC purchased a new stake in FGI Industries in the first quarter worth $72,000. Finally, Vanguard Group Inc. purchased a new stake in FGI Industries in the first quarter worth $43,000.

About FGI Industries

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.