Short Interest in Forward Industries, Inc. (NASDAQ:FORD) Drops By 11.1%

Forward Industries, Inc. (NASDAQ:FORD) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 24,800 shares, a decrease of 11.1% from the September 15th total of 27,900 shares. Based on an average daily trading volume, of 403,500 shares, the days-to-cover ratio is currently 0.1 days. Approximately 2.7% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Forward Industries in a research report on Wednesday, October 9th. They issued a “hold” rating for the company.

Forward Industries Trading Down 3.4 %

Shares of NASDAQ FORD traded down $0.12 during midday trading on Tuesday, hitting $3.43. The company’s stock had a trading volume of 20,811 shares, compared to its average volume of 136,913. Forward Industries has a 1-year low of $3.10 and a 1-year high of $8.29. The firm’s fifty day moving average price is $3.72 and its 200-day moving average price is $4.44.

Forward Industries (NASDAQ:FORD) last released its quarterly earnings data on Wednesday, August 14th. The textile maker reported ($0.34) earnings per share (EPS) for the quarter. Forward Industries had a negative net margin of 10.22% and a negative return on equity of 52.85%. The company had revenue of $7.89 million for the quarter.

Forward Industries Company Profile

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.