Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) Short Interest Update

Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 45,783 shares, a growth of 330.3% from the May 14th total of 10,640 shares. Based on an average trading volume of 146,183 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.6% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Hang Feng Technology Innovation in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Hang Feng Technology Innovation Stock Down 7.3%

Hang Feng Technology Innovation stock traded down $0.22 during trading on Thursday, reaching $2.81. The stock had a trading volume of 88,816 shares, compared to its average volume of 560,971. The company has a quick ratio of 32.94, a current ratio of 32.94 and a debt-to-equity ratio of 0.01. Hang Feng Technology Innovation has a 52-week low of $1.75 and a 52-week high of $68.00. The firm has a 50 day moving average of $3.45.

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

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.