Flexible Solutions International Inc. (NYSEAMERICAN:FSI) Sees Large Decline in Short Interest

Flexible Solutions International Inc. (NYSEAMERICAN:FSIGet Rating) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 14,600 shares, a decline of 45.5% from the March 31st total of 26,800 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 43,400 shares, the days-to-cover ratio is presently 0.3 days.

NYSEAMERICAN:FSI traded down $0.03 on Friday, hitting $2.81. The stock had a trading volume of 5,964 shares, compared to its average volume of 39,254. The stock has a market capitalization of $34.78 million, a price-to-earnings ratio of 9.37 and a beta of 1.31. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.33 and a current ratio of 2.51. Flexible Solutions International has a 52-week low of $2.76 and a 52-week high of $4.50.

Flexible Solutions International (NYSEAMERICAN:FSIGet Rating) last issued its earnings results on Tuesday, March 29th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.10). Flexible Solutions International had a net margin of 11.64% and a return on equity of 14.55%. As a group, equities analysts forecast that Flexible Solutions International will post 0.38 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC lifted its holdings in shares of Flexible Solutions International by 25.2% in the 4th quarter. Essex Investment Management Co. LLC now owns 200,991 shares of the basic materials company’s stock worth $782,000 after buying an additional 40,513 shares during the period. Perritt Capital Management Inc. acquired a new position in Flexible Solutions International during the 3rd quarter valued at about $113,000. Citadel Advisors LLC increased its position in Flexible Solutions International by 64.7% during the 3rd quarter. Citadel Advisors LLC now owns 20,968 shares of the basic materials company’s stock valued at $75,000 after buying an additional 8,234 shares in the last quarter. Sweet Financial Partners LLC acquired a new position in Flexible Solutions International during the 4th quarter valued at about $65,000. Finally, Bailard Inc. acquired a new position in Flexible Solutions International during the 1st quarter valued at about $62,000. 10.00% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research downgraded Flexible Solutions International from a “hold” rating to a “sell” rating in a research report on Wednesday, April 6th.

Flexible Solutions International Company Profile (Get Rating)

Flexible Solutions International, Inc, together with its subsidiaries, develops, manufactures, and markets specialty chemicals that slow the evaporation of water in Canada, the United States, and internationally. The company operates in two segments, Energy and Water Conservation Products, and Biodegradable Polymers.

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