Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) Short Interest Update

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 24,130,000 shares, an increase of 123.0% from the March 31st total of 10,820,000 shares. Based on an average daily trading volume, of 19,750,000 shares, the days-to-cover ratio is currently 1.2 days.

Faraday Future Intelligent Electric Stock Performance

Faraday Future Intelligent Electric stock remained flat at $0.05 during midday trading on Friday. The company had a trading volume of 67,527,498 shares, compared to its average volume of 31,211,808. Faraday Future Intelligent Electric has a twelve month low of $0.05 and a twelve month high of $117.36. The stock’s 50-day moving average price is $0.12 and its 200-day moving average price is $0.97. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.48 and a current ratio of 0.67. The firm has a market capitalization of $1.99 million, a P/E ratio of 0.00 and a beta of 1.45.

Hedge Funds Weigh In On Faraday Future Intelligent Electric

An institutional investor recently raised its position in Faraday Future Intelligent Electric stock. MCF Advisors LLC lifted its position in Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) by 13,329.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 503,750 shares of the company’s stock after purchasing an additional 499,999 shares during the quarter. MCF Advisors LLC owned 0.40% of Faraday Future Intelligent Electric worth $116,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 71.74% of the company’s stock.

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.