Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE – Get Free Report) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 17,290,000 shares, a growth of 57.5% from the December 15th total of 10,980,000 shares. Currently, 42.2% of the company’s stock are sold short. Based on an average daily trading volume, of 15,120,000 shares, the days-to-cover ratio is presently 1.1 days.
Faraday Future Intelligent Electric Price Performance
NASDAQ:FFIE traded down $0.02 during trading hours on Friday, hitting $1.51. 7,418,407 shares of the company’s stock traded hands, compared to its average volume of 26,494,613. The stock’s fifty day moving average price is $1.55 and its two-hundred day moving average price is $5.26. The company has a quick ratio of 0.21, a current ratio of 0.32 and a debt-to-equity ratio of 0.20. Faraday Future Intelligent Electric has a twelve month low of $0.99 and a twelve month high of $156.00.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Marathon Trading Investment Management LLC acquired a new stake in shares of Faraday Future Intelligent Electric during the 2nd quarter valued at $102,000. Victory Capital Management Inc. purchased a new stake in shares of Faraday Future Intelligent Electric during the second quarter worth $29,000. Finally, Wealthspire Advisors LLC acquired a new stake in Faraday Future Intelligent Electric during the second quarter valued at $25,000. 71.74% of the stock is owned by hedge funds and other institutional investors.
Faraday Future Intelligent Electric Company Profile
Faraday Future Intelligent Electric Inc engages in the design, development, manufacture, engineering, sale, and distribution of electric vehicles and related products in the United States. The company was incorporated in 2014 and is headquartered in Los Angeles, California.
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