Flexible Solutions International, Inc. (NYSEMKT:FSI) was the target of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 30,206 shares, a decrease of 37.8% from the October 13th total of 48,599 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 26,303 shares, the short-interest ratio is presently 1.1 days.

Shares of Flexible Solutions International (NYSEMKT FSI) opened at $1.89 on Tuesday. Flexible Solutions International has a fifty-two week low of $1.26 and a fifty-two week high of $2.58.

Flexible Solutions International (NYSEMKT:FSI) last announced its quarterly earnings data on Monday, August 14th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Flexible Solutions International had a net margin of 5.79% and a return on equity of 6.84%. The business had revenue of $4.72 million during the quarter, compared to analyst estimates of $4.27 million.

FSI has been the topic of several recent research reports. Zacks Investment Research cut shares of Flexible Solutions International from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Greenridge Global lowered shares of Flexible Solutions International from a “hold” rating to a “sell” rating and reduced their target price for the stock from $1.75 to $1.50 in a report on Monday, August 21st.

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About Flexible Solutions International

Flexible Solutions International, Inc develops, manufactures and markets specialty chemicals, which slow the evaporation of water. The Company operates through two segments: Energy and water conservation products (EWCP), and Biodegradable polymers (BCPAs). The Company’s Energy and water conservation products segment consists of liquid swimming pool blanket, which saves energy and water by inhibiting evaporation from the pool surface, and food-safe powdered form of the active ingredient within the liquid blanket, which is designed to be used in still or slow moving drinking water sources.

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