Future FinTech Group Inc. (NASDAQ:FTFT) Sees Large Drop in Short Interest

Future FinTech Group Inc. (NASDAQ:FTFT) was the target of a large decline in short interest in October. As of October 31st, there was short interest totalling 248,300 shares, a decline of 5.1% from the October 15th total of 261,600 shares. Approximately 1.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 158,300 shares, the short-interest ratio is presently 1.6 days.

Future FinTech Group Stock Performance

Future FinTech Group stock opened at $0.44 on Monday. Future FinTech Group has a fifty-two week low of $0.29 and a fifty-two week high of $2.60. The firm’s fifty day moving average price is $0.34 and its 200-day moving average price is $0.47.

Future FinTech Group (NASDAQ:FTFT) last released its quarterly earnings results on Monday, August 19th. The company reported ($0.09) earnings per share for the quarter. Future FinTech Group had a negative net margin of 94.57% and a negative return on equity of 79.92%. The firm had revenue of $4.20 million for the quarter.

Future FinTech Group Company Profile

Future FinTech Group Inc, through its subsidiaries, operates online shopping platforms in People’s Republic of China. It operates in three segments: Supply Chain Financing Service and Trading Business, Asset Management Service, and Others. The company offers cross-border money transfer service, brokerage and investment banking, and cryptocurrency mining farm business.