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

Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 45,783 shares, an increase of 330.3% from the May 14th total of 10,640 shares. Based on an average daily trading volume, of 146,183 shares, the short-interest ratio is presently 0.3 days. Approximately 0.6% of the shares of the company are short sold.

Hang Feng Technology Innovation Trading Up 1.8%

Shares of Hang Feng Technology Innovation stock opened at $2.86 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 32.94 and a current ratio of 32.94. The business’s 50 day moving average is $3.41. Hang Feng Technology Innovation has a twelve month low of $1.75 and a twelve month high of $68.00.

Hang Feng Technology Innovation (NASDAQ:FOFO) last announced its quarterly earnings results on Thursday, April 16th. The company reported ($0.86) earnings per share for the quarter. The firm had revenue of $0.50 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Hang Feng Technology Innovation in a report on Friday, May 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

About Hang Feng Technology Innovation

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.