Forward Industries, Inc. (NASDAQ:FORD) Short Interest Down 21.2% in January

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

Forward Industries Stock Down 7.4 %

Shares of NASDAQ FORD traded down $0.45 during midday trading on Thursday, reaching $5.66. The company’s stock had a trading volume of 32,213 shares, compared to its average volume of 18,485. Forward Industries has a fifty-two week low of $3.10 and a fifty-two week high of $8.29. The business’s 50 day moving average price is $4.90 and its two-hundred day moving average price is $4.20.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Forward Industries in a research report on Friday, January 24th. They issued 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.