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

FGI Industries Ltd. (NASDAQ:FGIGet Free Report) 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

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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.

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