Short Interest in Fuling Global Inc (NASDAQ:FORK) Increases By 19.0%

Fuling Global Inc (NASDAQ:FORK) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 6,900 shares, a growth of 19.0% from the September 30th total of 5,800 shares. Based on an average daily volume of 6,900 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.2% of the company’s stock are short sold.

Shares of FORK traded down $0.03 during mid-day trading on Thursday, hitting $2.55. 200 shares of the company’s stock were exchanged, compared to its average volume of 69,575. The stock’s 50-day moving average is $2.66 and its 200-day moving average is $2.33. The company has a quick ratio of 0.88, a current ratio of 1.38 and a debt-to-equity ratio of 0.14. Fuling Global has a fifty-two week low of $1.87 and a fifty-two week high of $4.29.

A hedge fund recently raised its stake in Fuling Global stock. Susquehanna International Group LLP increased its position in shares of Fuling Global Inc (NASDAQ:FORK) by 6.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 155,956 shares of the industrial products company’s stock after buying an additional 9,863 shares during the period. Susquehanna International Group LLP owned about 0.99% of Fuling Global worth $326,000 at the end of the most recent reporting period. Institutional investors own 2.62% of the company’s stock.

About Fuling Global

Fuling Global Inc produces and distributes plastic service ware products. The company offers disposable cutlery, including forks, knives, spoons, and utensils; drinking straws; cups and plates; and other plastics products. Fuling Global Inc sells its products directly, as well as through distributors to dealers, QSRs, manufacturers, and retailers.

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