Founder Group Limited (NASDAQ:FGL) Short Interest Down 72.2% in June

Founder Group Limited (NASDAQ:FGL) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 81,042 shares, a decline of 72.2% from the May 31st total of 291,839 shares. Approximately 7.7% of the company’s stock are short sold. Based on an average daily volume of 1,174,682 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Founder Group from a “sell (d)” rating to a “sell (e+)” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Founder Group currently has an average rating of “Sell”.

Founder Group Price Performance

Shares of NASDAQ:FGL opened at $1.37 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.14 and a current ratio of 1.15. The stock’s fifty day simple moving average is $1.87 and its two-hundred day simple moving average is $8.85. Founder Group has a 1-year low of $1.33 and a 1-year high of $143.00.

Founder Group (NASDAQ:FGL) last posted its earnings results on Tuesday, April 28th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $8.29 million for the quarter.

About Founder Group

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.