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

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 increase in short interest in August. As of August 31st, there was short interest totaling 62,600 shares, an increase of 146.5% from the August 15th total of 25,400 shares. Approximately 0.8% of the company's shares are sold short. Based on an average trading volume of 56,200 shares, the days-to-cover ratio is presently 1.1 days. Based on an average trading volume of 56,200 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.8% of the company's shares are sold short.

Flexible Solutions International Stock Up 5.6%

FSI stock traded up $0.52 during trading on Friday, hitting $9.74. 72,115 shares of the company's stock were exchanged, compared to its average volume of 169,725. The business has a 50-day moving average price of $7.19 and a two-hundred day moving average price of $5.44. The stock has a market capitalization of $123.28 million, a price-to-earnings ratio of 29.52 and a beta of 1.29. Flexible Solutions International has a 52-week low of $3.21 and a 52-week high of $11.48. The company has a current ratio of 3.17, a quick ratio of 2.22 and a debt-to-equity ratio of 0.17.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Flexible Solutions International

Several institutional investors have recently added to or reduced their stakes in FSI. Evernest Financial Advisors LLC purchased a new stake in Flexible Solutions International during the first quarter worth approximately $310,000. Essex Investment Management Co. LLC purchased a new stake in Flexible Solutions International in the first quarter valued at approximately $134,000. Dimensional Fund Advisors LP lifted its stake in Flexible Solutions International by 26.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 52,499 shares of the company's stock valued at $190,000 after buying an additional 11,017 shares during the last quarter. Strait & Sound Wealth Management LLC purchased a new stake in Flexible Solutions International in the second quarter valued at approximately $49,000. Finally, Citadel Advisors LLC lifted its stake in Flexible Solutions International by 12.6% in the fourth quarter. Citadel Advisors LLC now owns 23,213 shares of the company's stock valued at $84,000 after buying an additional 2,590 shares during the last quarter. Hedge funds and other institutional investors own 54.31% of the company's stock.

Flexible Solutions International Company Profile

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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