Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) Short Interest Up 107.3% in July

Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 10,989 shares, an increase of 107.3% from the June 30th total of 5,301 shares. Based on an average daily trading volume, of 37,567 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Hang Feng Technology Innovation Trading Up 3.6%

Shares of FOFO stock traded up $0.07 during mid-day trading on Thursday, reaching $2.01. The company’s stock had a trading volume of 16,315 shares, compared to its average volume of 135,148. The firm’s 50-day moving average is $2.92. Hang Feng Technology Innovation has a 1-year low of $1.75 and a 1-year high of $68.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 32.94 and a current ratio of 32.94.

Analyst Ratings Changes

FOFO has been the subject of several recent research reports. Wall Street Zen raised Hang Feng Technology Innovation to a “hold” rating in a report on Saturday, June 27th. Weiss Ratings raised Hang Feng Technology Innovation from a “sell (e)” rating to a “sell (d-)” rating in a report on Thursday, June 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Hang Feng Technology Innovation currently has an average 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.