Founder Group Limited (NASDAQ:FGL – Get Free Report) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 463,059 shares, a growth of 193.5% from the December 31st total of 157,767 shares. Approximately 2.4% of the shares of the company are sold short. Based on an average trading volume of 5,758,251 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 5,758,251 shares, the short-interest ratio is currently 0.1 days. Approximately 2.4% of the shares of the company are sold short.
Founder Group Stock Down 7.2%
Shares of FGL stock opened at $0.14 on Friday. The business’s fifty day simple moving average is $0.23. The company has a current ratio of 1.08, a quick ratio of 1.06 and a debt-to-equity ratio of 1.07. Founder Group has a 1-year low of $0.13 and a 1-year high of $1.74.
Wall Street Analysts Forecast Growth
FGL has been the subject of several analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Founder Group in a research note on Monday, December 29th. Wall Street Zen raised shares of Founder Group to a “hold” rating in a research note on Saturday, November 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.
Founder Group Company Profile
Founder Group is a diversified investment holding company originally established in 1986 by Peking University. The group traces its roots to one of China’s leading academic institutions and has since evolved into a state-owned enterprise focused on fostering innovation and technology commercialization. Leveraging its academic heritage, Founder Group has built a network of subsidiaries and affiliates across a range of high-growth industries.
The company’s main business activities span information technology and digital printing, including integrated circuit design, software development and advanced printing solutions.
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