FBS Global Limited (NASDAQ:FBGL) Short Interest Update
by Scott Moore · The Cerbat GemFBS Global Limited (NASDAQ:FBGL – Get Free Report) saw a significant decrease in short interest in April. As of April 30th, there was short interest totaling 642,527 shares, a decrease of 45.8% from the April 15th total of 1,185,312 shares. Approximately 4.8% of the shares of the stock are short sold. Based on an average daily volume of 163,750 shares, the days-to-cover ratio is currently 3.9 days.
Hedge Funds Weigh In On FBS Global
A number of hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC raised its holdings in shares of FBS Global by 202.0% during the third quarter. Citadel Advisors LLC now owns 48,077 shares of the company’s stock valued at $37,000 after acquiring an additional 32,157 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of FBS Global during the fourth quarter valued at approximately $54,000. Finally, Renaissance Technologies LLC raised its holdings in shares of FBS Global by 15.7% during the first quarter. Renaissance Technologies LLC now owns 144,492 shares of the company’s stock valued at $86,000 after acquiring an additional 19,647 shares during the last quarter.
FBS Global Stock Performance
FBGL stock traded up $0.00 during mid-day trading on Monday, reaching $0.54. 6,483 shares of the company’s stock were exchanged, compared to its average volume of 1,374,340. The stock’s 50 day moving average is $0.60 and its 200 day moving average is $0.75. FBS Global has a 12-month low of $0.34 and a 12-month high of $1.40.
FBS Global Company Profile
The predecessor of our principal operating company was incorporated on March 9, 1996 in Singapore under the name Finebuild Systems Pte Ltd. Pursuant to a restructuring that took effect on August 2, 2022, FBS Global Limited, an exempted company incorporated in the Cayman Islands, through its wholly owned subsidiary, Success Elite Developments Limited, a company incorporated in BVI, became the ultimate holding company of our current principal operating subsidiary referred to herein as FBS SG. From its beginning as a construction company since 1996, FBS SG has developed into a premier integrated engineering company that provides a full suite of construction and engineering services.