Short Interest in FGI Industries Ltd. (NASDAQ:FGI) Declines By 31.6%

FGI Industries Ltd. (NASDAQ:FGI) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 37,000 shares, a decrease of 31.6% from the February 13th total of 54,100 shares. Based on an average daily trading volume, of 8,700 shares, the short-interest ratio is presently 4.3 days. Currently, 1.4% of the company’s stock are sold short.

FGI Industries Stock Performance

Shares of FGI Industries stock traded up $0.00 during midday trading on Monday, hitting $0.82. The company had a trading volume of 991 shares, compared to its average volume of 20,900. The stock has a market capitalization of $7.79 million, a P/E ratio of -27.17 and a beta of 1.23. The company has a 50 day moving average of $0.85 and a 200 day moving average of $0.84. FGI Industries has a 52-week low of $0.70 and a 52-week high of $1.64.

About FGI Industries

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.