Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) Sees Large Drop in Short Interest

Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 10,640 shares, a decline of 47.3% from the April 30th total of 20,194 shares. Based on an average daily volume of 48,886 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Hang Feng Technology Innovation Trading Up 35.0%

FOFO traded up $1.04 during trading on Tuesday, hitting $4.01. The company’s stock had a trading volume of 912,734 shares, compared to its average volume of 277,861. The business has a 50 day simple moving average of $3.44. The company has a debt-to-equity ratio of 0.01, a quick ratio of 32.94 and a current ratio of 32.94. Hang Feng Technology Innovation has a twelve month low of $1.75 and a twelve month high of $68.00.

Hang Feng Technology Innovation (NASDAQ:FOFO) last issued its quarterly earnings results on Thursday, April 16th. The company reported ($0.86) earnings per share for the quarter. The business had revenue of $0.50 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Hang Feng Technology Innovation in a research report on Friday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Hang Feng Technology Innovation Company Profile

Hang Feng Technology Innovation Co, Ltd. is a company providing comprehensive corporate management consulting and asset management services. Hang Feng Technology Innovation Co, Ltd. is based in Hong Kong.