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

Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 21,001 shares, a drop of 44.0% from the September 30th total of 37,492 shares. Based on an average trading volume of 44,394 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Hang Feng Technology Innovation from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, September 22nd. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has an average rating of “Sell”.

Hang Feng Technology Innovation Trading Down 4.0%

Shares of Hang Feng Technology Innovation stock opened at $1.69 on Tuesday. Hang Feng Technology Innovation has a twelve month low of $1.58 and a twelve month high of $14.93. The business’s fifty day moving average price is $2.09 and its 200 day moving average price is $3.24.

Hang Feng Technology Innovation (NASDAQ:FOFO) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $0.18 million during 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.