Flexible Solutions International, Inc. (NYSE:FSI) Short Interest Down 31.5% in September

Key Points

• Flexible Solutions International experienced a significant decline in short interest, dropping by 31.5% in September, with current short interest at 56,700 shares.
• The company's stock price rose by 11.4% to reach $9.29, with a market cap of $117.81 million and a positive analyst consensus rating of "Buy".
• Institutional investors hold 54.31% of Flexible Solutions International's stock, with notable new positions acquired in the past two quarters totaling approximately $493,000.

Flexible Solutions International, Inc. (NYSE:FSI - Get Free Report) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 56,700 shares, a decline of 31.5% from the September 15th total of 82,800 shares. Currently, 0.7% of the company's shares are short sold. Based on an average daily volume of 71,900 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 71,900 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.7% of the company's shares are short sold.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Strait & Sound Wealth Management LLC bought a new position in shares of Flexible Solutions International in the second quarter valued at $49,000. Essex Investment Management Co. LLC acquired a new position in Flexible Solutions International during the 1st quarter valued at about $134,000. Finally, Evernest Financial Advisors LLC acquired a new position in Flexible Solutions International during the 1st quarter valued at about $310,000. 54.31% of the stock is owned by institutional investors.

Flexible Solutions International Stock Up 11.4%

Shares of NYSE:FSI traded up $0.95 during trading on Thursday, reaching $9.29. 65,112 shares of the stock were exchanged, compared to its average volume of 154,578. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.17 and a quick ratio of 2.22. Flexible Solutions International has a 1-year low of $3.45 and a 1-year high of $11.48. The stock has a fifty day moving average of $9.31 and a two-hundred day moving average of $6.25. The firm has a market cap of $117.81 million, a price-to-earnings ratio of 28.15 and a beta of 1.14.

Wall Street Analysts Forecast Growth

FSI has been the topic of a number of recent analyst reports. Singular Research raised Flexible Solutions International to a "strong-buy" rating in a research note on Monday, September 8th. Zacks Research cut Flexible Solutions International from a "strong-buy" rating to a "hold" rating in a report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy".

About Flexible Solutions International

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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