Flat Glass Group Co., Ltd. (OTCMKTS:FGSGF) Shares Shorted: Short Interest Up 198.7% in October

Flat Glass Group Co., Ltd. (OTCMKTS:FGSGF) was the target of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 103,728 shares, an increase of 198.7% from the October 15th total of 34,728 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Flat Glass Group Price Performance

OTCMKTS FGSGF remained flat at $0.85 during trading hours on Friday. The stock has a 50 day simple moving average of $0.85 and a two-hundred day simple moving average of $1.20. Flat Glass Group has a 12-month low of $0.85 and a 12-month high of $1.41.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Flat Glass Group from a “sell” rating to a “neutral” rating in a research note on Monday, July 27th. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company currently has an average rating of “Hold”.

About Flat Glass Group

Flat Glass Group Co., Ltd. is a China-based manufacturer of glass products, with a primary focus on photovoltaic glass used in solar power modules. The company produces ultra-clear patterned glass and other specialized glass products designed to support the durability and light transmission requirements of solar panels. In addition to photovoltaic glass, Flat Glass Group manufactures float glass and architectural glass for construction and related applications. Its products are used across the renewable-energy, building-materials and industrial sectors, and the company supplies customers in China and international markets.