Fuyao Glass Industry Group Co., Ltd. (OTCMKTS:FYGGY) Short Interest Update

Fuyao Glass Industry Group Co., Ltd. (OTCMKTS:FYGGY) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 8,008 shares, an increase of 464.7% from the August 15th total of 1,418 shares. Based on an average trading volume of 7,865 shares, the short-interest ratio is currently 1.0 days.

Fuyao Glass Industry Group Trading Down 1.2%

Fuyao Glass Industry Group stock traded down $0.02 on Friday, hitting $1.86. The company’s stock had a trading volume of 10,480 shares, compared to its average volume of 35,573. The company has a fifty day moving average price of $1.80 and a 200-day moving average price of $1.86. Fuyao Glass Industry Group has a one year low of $1.50 and a one year high of $2.69.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group downgraded Fuyao Glass Industry Group to a “neutral” rating in a research report on Monday, August 24th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Fuyao Glass Industry Group currently has an average rating of “Hold”.

About Fuyao Glass Industry Group

Fuyao Glass Industry Group Co, Ltd. is a leading China-based manufacturer of automotive and industrial glass products, operating as an over-the-counter traded company under the symbol FYGGY. Founded in 1987 and headquartered in Fuqing, Fujian Province, the company has grown from a domestic producer into a global supplier of safety and specialty glass solutions for original equipment manufacturers (OEMs) and the aftermarket.

The core products of Fuyao Glass include laminated and tempered automotive windshields, side and rear windows, sunroofs, and other specialty glazing components.