Short Interest in Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) Drops By 82.3%

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

Analysts Set New Price Targets

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

Hang Feng Technology Innovation Stock Down 6.9%

FOFO traded down $0.23 on Friday, hitting $3.10. 23,982 shares of the company’s stock traded hands, compared to its average volume of 159,339. The firm has a 50 day simple moving average of $2.92. 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.

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

About Hang Feng Technology Innovation

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.