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

Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 20,194 shares, a growth of 913.8% from the April 15th total of 1,992 shares. Based on an average trading volume of 79,718 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the shares of the company are short sold.

Hang Feng Technology Innovation Stock Performance

Shares of FOFO traded up $0.01 on Wednesday, reaching $2.45. The company’s stock had a trading volume of 43,217 shares, compared to its average volume of 63,520. The company has a current ratio of 32.94, a quick ratio of 32.94 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average price is $3.97. Hang Feng Technology Innovation has a 12-month low of $2.34 and a 12-month high of $68.00.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on shares of Hang Feng Technology Innovation in a research note on Wednesday, January 14th. They issued a “sell (e-)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Hang Feng Technology Innovation currently has an average 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.