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 decline in short interest during the month of August. As of August 14th, there was short interest totaling 1,418 shares, a decline of 66.7% from the July 30th total of 4,262 shares. Based on an average trading volume of 16,273 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut shares of Fuyao Glass Industry Group to a “neutral” rating in a research report on Monday. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Fuyao Glass Industry Group presently has a consensus rating of “Hold”.

Fuyao Glass Industry Group Trading Down 2.7%

Fuyao Glass Industry Group stock traded down $0.05 during mid-day trading on Friday, hitting $1.81. The company had a trading volume of 9,980 shares, compared to its average volume of 37,068. Fuyao Glass Industry Group has a 12 month low of $1.50 and a 12 month high of $2.69. The stock’s 50 day moving average price is $1.75 and its two-hundred day moving average price is $1.89.

Fuyao Glass Industry Group Company Profile

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.