Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) Short Interest Update

Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO – Get Free Report) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 5,301 shares, a drop of 82.3% from the June 15th total of 29,983 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 259,284 shares, the short-interest ratio is currently 0.0 days.

Hang Feng Technology Innovation Stock Down 6.9%

FOFO traded down $0.23 during trading on Friday, hitting $3.10. The company’s stock had a trading volume of 23,982 shares, compared to its average volume of 159,339. The company has a current ratio of 32.94, a quick ratio of 32.94 and a debt-to-equity ratio of 0.01. Hang Feng Technology Innovation has a one year low of $1.75 and a one year high of $68.00. The stock has a 50 day moving average price of $2.92.

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Hang Feng Technology Innovation (NASDAQ:FOFO – Get Free Report) last issued its quarterly earnings data on Thursday, April 16th. The company reported ($0.86) earnings per share (EPS) for the quarter. The firm had revenue of $0.50 million for the quarter.

Wall Street Analysts Forecast Growth

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

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Hang Feng Technology Innovation Company Profile

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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.

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