Flexible Solutions International, Inc. (NYSEAMERICAN:FSI) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 62,900 shares, a decline of 11.3% from the January 15th total of 70,900 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average daily volume of 38,200 shares, the days-to-cover ratio is presently 1.6 days.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Regal Investment Advisors LLC bought a new position in Flexible Solutions International in the 3rd quarter valued at $27,000. Cadence Capital Management LLC bought a new position in Flexible Solutions International in the 3rd quarter valued at $616,000. Jane Street Group LLC bought a new position in Flexible Solutions International in the 2nd quarter valued at $52,000. Finally, BlackRock Inc. bought a new position in Flexible Solutions International in the 2nd quarter valued at $96,000.

NYSEAMERICAN FSI opened at $2.02 on Friday. The company has a market cap of $25.82 million and a P/E ratio of 14.43. The firm’s 50 day moving average is $2.63. Flexible Solutions International has a fifty-two week low of $1.73 and a fifty-two week high of $4.74.

Flexible Solutions International (NYSEAMERICAN:FSI) last released its earnings results on Thursday, November 14th. The basic materials company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.02). The firm had revenue of $7.40 million during the quarter, compared to analysts’ expectations of $7.90 million.

Separately, Zacks Investment Research raised Flexible Solutions International from a “sell” rating to a “hold” rating in a research report on Monday, January 20th.

About Flexible Solutions International

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.

See Also: Depreciation

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