Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) Short Interest Down 7.2% in June

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 27,840,000 shares, a decrease of 7.2% from the May 31st total of 30,000,000 shares. Based on an average daily trading volume, of 194,270,000 shares, the short-interest ratio is currently 0.1 days.

Faraday Future Intelligent Electric Stock Down 5.6 %

FFIE traded down $0.03 during midday trading on Tuesday, hitting $0.43. 81,240,616 shares of the company’s stock traded hands, compared to its average volume of 113,390,930. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.35 and a quick ratio of 0.22. The company has a market cap of $191.02 million, a PE ratio of 0.00 and a beta of 5.74. The stock’s fifty day simple moving average is $0.51 and its 200-day simple moving average is $0.39. Faraday Future Intelligent Electric has a one year low of $0.04 and a one year high of $83.64.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Faraday Future Intelligent Electric stock. MCF Advisors LLC increased its holdings in Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) by 13,329.8% in the fourth quarter, according to its most recent Form 13F 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 period. MCF Advisors LLC owned approximately 0.40% of Faraday Future Intelligent Electric worth $116,000 at the end of the most recent reporting period. 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.