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

Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 654 shares, a drop of 67.9% from the August 31st total of 2,036 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 14,090 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

A number of research firms have commented on FOFO. Wall Street Zen upgraded Hang Feng Technology Innovation to a “hold” rating in a research report on Saturday, June 27th. Weiss Ratings downgraded Hang Feng Technology Innovation from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Hang Feng Technology Innovation Stock Down 9.9%

Shares of NASDAQ FOFO traded down $0.24 during mid-day trading on Friday, reaching $2.19. 203,655 shares of the company’s stock traded hands, compared to its average volume of 404,691. Hang Feng Technology Innovation has a 1-year low of $1.70 and a 1-year high of $68.00. The business has a 50-day simple moving average of $2.28 and a 200 day simple moving average of $3.07.

Hang Feng Technology Innovation (NASDAQ:FOFO) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.04) EPS for the quarter. The company had revenue of $0.18 million during 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.