Forward Industries, Inc. (NASDAQ:FORD) Short Interest Down 11.1% in September

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

Forward Industries Price Performance

Shares of NASDAQ FORD traded down $0.12 during mid-day trading on Tuesday, reaching $3.43. 20,811 shares of the company traded hands, compared to its average volume of 136,913. Forward Industries has a fifty-two week low of $3.10 and a fifty-two week high of $8.29. The stock has a fifty day simple moving average of $3.72 and a 200-day simple moving average of $4.44.

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

Wall Street Analyst Weigh In

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 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.