Flexible Solutions International Inc. (NYSEAMERICAN:FSI) Sees Large Drop in Short Interest

Share on StockTwits

Flexible Solutions International Inc. (NYSEAMERICAN:FSI) was the target of a large decline in short interest in April. As of April 15th, there was short interest totalling 77,700 shares, a decline of 16.9% from the March 31st total of 93,500 shares. Based on an average daily trading volume, of 153,000 shares, the short-interest ratio is presently 0.5 days. Approximately 1.2% of the shares of the stock are short sold.

NYSEAMERICAN:FSI traded down $0.04 during trading hours on Tuesday, reaching $3.37. The company’s stock had a trading volume of 35,803 shares, compared to its average volume of 147,907. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.89 and a quick ratio of 1.85. The company has a market capitalization of $41.49 million, a price-to-earnings ratio of 12.07 and a beta of 1.52. The firm’s 50-day moving average price is $2.43. Flexible Solutions International has a 1 year low of $1.29 and a 1 year high of $5.65.

Several equities analysts have recently commented on the company. Zacks Investment Research lowered Flexible Solutions International from a “hold” rating to a “sell” rating in a research report on Wednesday, April 7th. Greenridge Global reaffirmed a “hold” rating on shares of Flexible Solutions International in a research note on Thursday, April 1st.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FSI. Virtu Financial LLC purchased a new stake in Flexible Solutions International during the 4th quarter valued at about $35,000. Renaissance Technologies LLC lifted its position in Flexible Solutions International by 19.5% in the fourth quarter. Renaissance Technologies LLC now owns 555,245 shares of the basic materials company’s stock valued at $1,383,000 after purchasing an additional 90,499 shares during the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of Flexible Solutions International during the fourth quarter valued at approximately $301,000. Finally, Regal Investment Advisors LLC bought a new position in shares of Flexible Solutions International in the fourth quarter worth approximately $28,000. 7.19% of the stock is owned by institutional investors.

About Flexible Solutions International

Flexible Solutions International, Inc, together with its subsidiaries, develops, manufactures, and markets specialty chemicals that slow the evaporation of water in Canada, the United States, and internationally. The company operates in two segments, Energy and Water Conservation Products, and Biodegradable Polymers.

See Also: How can you know how many shares are floating?

Receive News & Ratings for Flexible Solutions International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flexible Solutions International and related companies with MarketBeat.com's FREE daily email newsletter.