Flexible Solutions International, Inc. (NYSE:FSI) Sees Large Growth in Short Interest

Key Points

• Short interest in Flexible Solutions International, Inc. increased by 62.6% in July, reaching a total of 21,300 shares by July 15th.
• The company's stock price rose by 4.3%, opening at $5.49 with a market capitalization of $69.37 million.
• A significant portion, 54.31%, of Flexible Solutions' stock is owned by hedge funds and institutional investors, indicating strong interest from larger investment entities.

Flexible Solutions International, Inc. (NYSE:FSI - Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 21,300 shares, anincreaseof62.6% from the June 30th total of 13,100 shares. Approximately0.3% of the company's shares are sold short. Based on an average trading volume of 23,700 shares, the days-to-cover ratio is presently 0.9 days. Based on an average trading volume of 23,700 shares, the days-to-cover ratio is presently 0.9 days. Approximately0.3% of the company's shares are sold short.

Flexible Solutions International Trading Down 4.2%

Shares of NYSE:FSI traded down $0.24 during trading on Friday, reaching $5.44. 4,172 shares of the company were exchanged, compared to its average volume of 178,655. The firm has a market capitalization of $68.82 million, a PE ratio of 16.49 and a beta of 1.26. The business's fifty day simple moving average is $5.06 and its 200-day simple moving average is $5.01. Flexible Solutions International has a 12-month low of $1.65 and a 12-month high of $7.24. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.17 and a quick ratio of 2.22.

Hedge Funds Weigh In On Flexible Solutions International

A number of institutional investors have recently modified their holdings of FSI. Evernest Financial Advisors LLC purchased a new position in Flexible Solutions International during the first quarter valued at approximately $310,000. Essex Investment Management Co. LLC acquired a new stake in shares of Flexible Solutions International during the first quarter worth $134,000. Renaissance Technologies LLC lifted its stake in shares of Flexible Solutions International by 5.4% during the fourth quarter. Renaissance Technologies LLC now owns 389,445 shares of the company's stock worth $1,406,000 after buying an additional 20,000 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Flexible Solutions International by 26.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 52,499 shares of the company's stock worth $190,000 after buying an additional 11,017 shares during the period. Finally, Strait & Sound Wealth Management LLC acquired a new stake in shares of Flexible Solutions International during the second quarter worth $49,000. 54.31% of the stock is owned by hedge funds and other institutional investors.

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.