Future FinTech Group Inc. (NASDAQ:FTFT – Get Free Report) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 122,080 shares, an increase of 167.3% from the April 15th total of 45,678 shares. Based on an average trading volume of 353,997 shares, the short-interest ratio is currently 0.3 days. Approximately 2.4% of the company’s shares are short sold.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Future FinTech Group stock. Royal Bank of Canada purchased a new position in shares of Future FinTech Group Inc. (NASDAQ:FTFT – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 40,000 shares of the company’s stock, valued at approximately $31,000. Royal Bank of Canada owned approximately 0.79% of Future FinTech Group as of its most recent SEC filing. Institutional investors and hedge funds own 0.19% of the company’s stock.
Future FinTech Group Stock Down 1.6%
NASDAQ FTFT traded down $0.02 on Friday, hitting $1.20. 28,203 shares of the stock were exchanged, compared to its average volume of 254,441. Future FinTech Group has a fifty-two week low of $1.00 and a fifty-two week high of $16.12. The company has a market cap of $6.29 million, a PE ratio of -0.02 and a beta of 1.84. The company has a 50-day moving average price of $1.36 and a 200-day moving average price of $2.81.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Future FinTech Group in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Future FinTech Group currently has a consensus rating of “Sell”.
Get Our Latest Report on Future FinTech Group
Future FinTech Group Company Profile
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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