Founder Group Limited (NASDAQ:FGL) Sees Significant Drop in Short Interest

Founder Group Limited (NASDAQ:FGL) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 5,726 shares, a drop of 69.9% from the June 30th total of 19,029 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 160,835 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

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

Founder Group Trading Down 1.0%

Shares of NASDAQ FGL traded down $0.01 during midday trading on Tuesday, reaching $1.03. The company’s stock had a trading volume of 38,624 shares, compared to its average volume of 544,778. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.15 and a quick ratio of 1.14. The firm has a 50 day moving average price of $1.58 and a 200-day moving average price of $5.54. Founder Group has a 12-month low of $0.80 and a 12-month high of $143.00.

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