Future FinTech Group Inc. (NASDAQ:FTFT – Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 193,133 shares, an increase of 248.9% from the August 15th total of 55,361 shares. Currently, 2.1% of the company’s stock are short sold. Based on an average daily volume of 1,589,747 shares, the days-to-cover ratio is presently 0.1 days.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Future FinTech Group in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.
Get Our Latest Stock Analysis on Future FinTech Group
Institutional Trading of Future FinTech Group
Future FinTech Group Trading Up 59.0%
FTFT stock traded up $1.70 during mid-day trading on Monday, hitting $4.58. The stock had a trading volume of 35,218,740 shares, compared to its average volume of 1,144,224. Future FinTech Group has a 1-year low of $1.22 and a 1-year high of $199.04. The company has a fifty day moving average of $4.04 and a 200 day moving average of $13.90. The stock has a market capitalization of $42.96 million, a price-to-earnings ratio of -0.15 and a beta of 1.80.
Future FinTech Group (NASDAQ:FTFT – Get Free Report) last announced its quarterly earnings results on Friday, August 14th. The company reported ($5.04) earnings per share (EPS) for the quarter. The firm had revenue of $0.33 million for the quarter. Future FinTech Group had a negative net margin of 157.53% and a negative return on equity of 12.22%.
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.
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