Short Interest in Flexible Solutions International, Inc. (NYSEAMERICAN:FSI) Decreases By 27.6%

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Flexible Solutions International, Inc. (NYSEAMERICAN:FSI) was the target of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 191,400 shares, a decline of 27.6% from the September 30th total of 264,400 shares. Based on an average daily trading volume, of 54,900 shares, the days-to-cover ratio is currently 3.5 days. Currently, 2.9% of the shares of the company are short sold.

Separately, Zacks Investment Research raised Flexible Solutions International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 15th.

In other Flexible Solutions International news, insider (Manny) Pohl Emmanuel bought 50,000 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was acquired at an average price of $1.85 per share, with a total value of $92,350.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in shares of Flexible Solutions International during the 2nd quarter valued at about $50,000. Jane Street Group LLC purchased a new stake in shares of Flexible Solutions International during the 2nd quarter valued at about $52,000. BlackRock Inc. purchased a new stake in shares of Flexible Solutions International during the 2nd quarter valued at about $96,000. Renaissance Technologies LLC increased its position in shares of Flexible Solutions International by 55.6% during the 2nd quarter. Renaissance Technologies LLC now owns 339,924 shares of the basic materials company’s stock valued at $1,533,000 after purchasing an additional 121,424 shares during the last quarter. Finally, Cadence Capital Management LLC purchased a new stake in shares of Flexible Solutions International during the 3rd quarter valued at about $616,000.

Shares of NYSEAMERICAN:FSI opened at $2.82 on Thursday. Flexible Solutions International has a fifty-two week low of $1.23 and a fifty-two week high of $4.74. The business has a 50-day simple moving average of $2.63 and a two-hundred day simple moving average of $3.02. The firm has a market cap of $31.26 million and a price-to-earnings ratio of 20.14.

Flexible Solutions International (NYSEAMERICAN:FSI) last issued its earnings results on Wednesday, August 14th. The basic materials company reported $0.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.06). The business had revenue of $6.77 million during the quarter, compared to analyst estimates of $8.35 million.

Flexible Solutions International Company Profile

Flexible Solutions International, Inc is an environmental technology company, which engages in the research, development, and manufacture of products that save water and energy. It operates through the Energy and Water Conservation Products; and Biodegradable Polymers business segments. The Energy and Water Conservation Products segment consists of liquid swimming pool blanket which saves energy and water by inhibiting evaporation from the pool surface, and food-safe powdered form of the active ingredient within the liquid blanket.

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