Short Interest in Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) Drops By 34.7%

Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 5,446 shares, a decline of 34.7% from the July 30th total of 8,341 shares. Based on an average daily volume of 15,085 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

Hang Feng Technology Innovation Stock Performance

NASDAQ:FOFO opened at $2.47 on Thursday. The company’s 50 day moving average is $2.64 and its 200-day moving average is $3.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 32.94 and a quick ratio of 32.94. Hang Feng Technology Innovation has a 12 month low of $1.75 and a 12 month high of $68.00.

Analyst Ratings Changes

A number of brokerages have issued reports on FOFO. Wall Street Zen raised shares of Hang Feng Technology Innovation to a “hold” rating in a research note on Saturday, June 27th. Weiss Ratings upgraded Hang Feng Technology Innovation from a “sell (e)” rating to a “sell (d-)” rating in a report on Thursday, June 11th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock 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.