Future FinTech Group Inc. (NASDAQ:FTFT) Short Interest Down 51.2% in December

Future FinTech Group Inc. (NASDAQ:FTFT) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 67,501 shares, a decrease of 51.2% from the December 15th total of 138,365 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 44,253 shares, the days-to-cover ratio is currently 1.5 days. Based on an average trading volume of 44,253 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.3% of the company’s shares are short sold.

Future FinTech Group Stock Performance

FTFT stock traded down $0.03 during mid-day trading on Wednesday, hitting $0.64. 92,729 shares of the company were exchanged, compared to its average volume of 63,309. Future FinTech Group has a 1-year low of $0.56 and a 1-year high of $5.00. The firm’s 50 day simple moving average is $1.07 and its 200 day simple moving average is $1.75. The firm has a market cap of $12.96 million, a P/E ratio of -0.05 and a beta of 1.28.

Future FinTech Group (NASDAQ:FTFT) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.33) earnings per share (EPS) for the quarter. Future FinTech Group had a negative return on equity of 303.80% and a negative net margin of 1,038.07%.The company had revenue of $1.33 million for the quarter.

Institutional Trading of Future FinTech Group

An institutional investor recently bought a new position in Future FinTech Group stock. XTX Topco Ltd purchased a new stake in Future FinTech Group Inc. (NASDAQ:FTFT) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 25,901 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned approximately 0.75% of Future FinTech Group at the end of the most recent reporting period. Institutional investors own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

FTFT has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Future FinTech Group in a research note on Monday, December 22nd. Wall Street Zen upgraded shares of Future FinTech Group to a “hold” rating in a research report on Friday, September 26th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Future FinTech Group has an average rating of “Sell”.

About Future FinTech Group

Future FinTech Group Inc, incorporated in 2010 and headquartered in Shanghai, China, is an investment holding company listed on the NASDAQ under the symbol FTFT. Since its initial public offering in April 2017, the company has pursued a diversified growth strategy that spans beverage and agricultural production, digital asset operations, and consumer financial services. Future FinTech’s business model centers on acquiring and developing brands and technologies that align with evolving consumer and industrial trends.

In its beverage and agriculture segment, Future FinTech develops, manufactures and distributes a range of functional beverages, including coffee products under the CBK brand and hemp-infused offerings under the Hemp & Coffee label.