Short Interest in Firan Technology Group Co. (OTCMKTS:FTGFF) Rises By 194.7%

Firan Technology Group Co. (OTCMKTS:FTGFF) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 62,659 shares, an increase of 194.7% from the May 31st total of 21,263 shares. Based on an average trading volume of 9,912 shares, the short-interest ratio is currently 6.3 days.

Firan Technology Group Price Performance

Shares of FTGFF traded down $0.38 during mid-day trading on Tuesday, hitting $15.56. 200 shares of the company traded hands, compared to its average volume of 6,766. Firan Technology Group has a one year low of $7.00 and a one year high of $19.09. The business has a 50-day moving average of $15.53 and a 200 day moving average of $13.07.

Firan Technology Group (OTCMKTS:FTGFF) last issued its quarterly earnings results on Wednesday, April 8th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The company had revenue of $34.65 million during the quarter, compared to analyst estimates of $32.96 million.

Firan Technology Group Company Profile

Firan Technology Group (OTCMKTS: FTGFF) is a Canadian-based provider of specialized engineering, design and manufacturing solutions serving the aerospace, defense and space markets. The company offers a comprehensive suite of services that includes custom wire harness assemblies, electrical interconnect systems, valence systems and enclosures. Firan’s integrated capabilities extend from concept and prototyping to full-scale production, environmental testing and certification support for both commercial and military applications.

Key product lines include complex cable assemblies, connectors, printed circuit board assemblies and battery management systems tailored to customer specifications.