Founder Group Limited (NASDAQ:FGL) Sees Large Decrease in Short Interest

Founder Group Limited (NASDAQ:FGL) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 791,720 shares, a decrease of 27.6% from the November 30th total of 1,094,168 shares. Approximately 4.1% of the company’s shares are short sold. Based on an average daily volume of 867,974 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 867,974 shares, the short-interest ratio is presently 0.9 days. Approximately 4.1% of the company’s shares are short sold.

Analyst Ratings Changes

FGL has been the topic of several research analyst reports. Wall Street Zen raised Founder Group to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Founder Group in a research report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Founder Group Price Performance

Shares of NASDAQ:FGL opened at $0.18 on Monday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.08 and a quick ratio of 1.06. The stock has a 50 day moving average price of $0.35. Founder Group has a 52-week low of $0.13 and a 52-week high of $2.55.

Founder Group Company Profile

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.