Flexible Solutions International, Inc. (NYSE:FSI) Short Interest Up 146.5% in August

Key Points

• Short interest in Flexible Solutions International, Inc. (NYSE:FSI) rose significantly by 146.5% in August, reaching a total of 62,600 shares as of August 31st.
• The company’s stock price increased by 5.6% to $9.74, following recent upgrades from analysts, with two firms giving it a Strong Buy rating.
• Institutional investors currently hold approximately 54.31% of the company's stock, with notable new investments from Evernest Financial Advisors and Essex Investment Management.

Flexible Solutions International, Inc. (NYSE:FSI - Get Free Report) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 62,600 shares, a growth of 146.5% from the August 15th total of 25,400 shares. Currently, 0.8% of the company's stock are sold short. Based on an average daily trading volume, of 56,200 shares, the short-interest ratio is presently 1.1 days. Based on an average daily trading volume, of 56,200 shares, the short-interest ratio is presently 1.1 days. Currently, 0.8% of the company's stock are sold short.

Analyst Ratings Changes

FSI has been the topic of several recent research reports. Singular Research upgraded Flexible Solutions International to a "strong-buy" rating in a research note on Monday, September 8th. Zacks Research upgraded Flexible Solutions International from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Strong Buy".

Hedge Funds Weigh In On Flexible Solutions International

Hedge funds and other institutional investors have recently modified their holdings of the company. Strait & Sound Wealth Management LLC bought a new position in shares of Flexible Solutions International during the 2nd quarter valued at $49,000. Citadel Advisors LLC raised its holdings in Flexible Solutions International by 12.6% in the 4th quarter. Citadel Advisors LLC now owns 23,213 shares of the company's stock worth $84,000 after purchasing an additional 2,590 shares during the period. Essex Investment Management Co. LLC bought a new position in Flexible Solutions International in the 1st quarter worth $134,000. Dimensional Fund Advisors LP raised its holdings in Flexible Solutions International by 26.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 52,499 shares of the company's stock worth $190,000 after purchasing an additional 11,017 shares during the period. Finally, Evernest Financial Advisors LLC bought a new position in Flexible Solutions International in the 1st quarter worth $310,000. 54.31% of the stock is owned by institutional investors.

Flexible Solutions International Stock Performance

Shares of NYSE FSI traded down $0.07 during midday trading on Thursday, hitting $10.11. 66,407 shares of the stock traded hands, compared to its average volume of 167,820. The firm has a 50-day moving average of $7.56 and a two-hundred day moving average of $5.57. The firm has a market capitalization of $127.96 million, a P/E ratio of 30.64 and a beta of 1.29. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.22 and a current ratio of 3.17. Flexible Solutions International has a one year low of $3.21 and a one year high of $11.48.

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.