Forward Industries, Inc. (NASDAQ:FORD) Sees Significant Growth in Short Interest

Forward Industries, Inc. (NASDAQ:FORD) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 29,900 shares, a growth of 46.6% from the June 30th total of 20,400 shares. Based on an average trading volume of 68,700 shares, the short-interest ratio is presently 0.4 days. Currently, 3.7% of the company’s shares are sold short.

Forward Industries Price Performance

FORD traded down $0.03 during midday trading on Monday, reaching $4.17. 59,929 shares of the company were exchanged, compared to its average volume of 33,994. Forward Industries has a one year low of $3.55 and a one year high of $9.40. The stock’s 50-day simple moving average is $4.52 and its 200 day simple moving average is $5.61.

Forward Industries (NASDAQ:FORD) last released its quarterly earnings data on Friday, May 10th. The textile maker reported ($0.50) earnings per share for the quarter. The company had revenue of $7.83 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Forward Industries in a research note on Monday. They issued a “hold” rating on the stock.

About Forward Industries

Forward Industries, Inc, together with its subsidiaries, designs, manufactures, sources, markets, and distributes carry and protective solutions. The company operates in two segments: OEM Distribution and Design. The OEM Distribution segment sources and distributes carrying cases and other accessories for medical monitoring and diagnostic kits; and various other portable electronic and non-electronic products, such as sporting and recreational products, bar code scanners, GPS location devices, tablets, and firearms.