Short Interest in Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) Decreases By 47.3%

Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 10,640 shares, a decline of 47.3% from the April 30th total of 20,194 shares. Based on an average daily volume of 48,886 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Hang Feng Technology Innovation in a research note on Friday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Hang Feng Technology Innovation Trading Up 62.1%

Shares of FOFO stock traded up $1.31 on Monday, hitting $3.41. 582,470 shares of the stock traded hands, compared to its average volume of 64,708. The company’s 50-day moving average price is $3.48. 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 twelve month low of $1.75 and a twelve month high of $68.00.

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