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

Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 5,301 shares, a decline of 82.3% from the June 15th total of 29,983 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 259,284 shares, the days-to-cover ratio is currently 0.0 days.

Hang Feng Technology Innovation Price Performance

FOFO traded up $0.06 during trading on Monday, reaching $3.16. 23,452 shares of the stock were exchanged, compared to its average volume of 154,039. 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 business’s 50 day moving average price is $2.92. 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) EPS for the quarter. The business had revenue of $0.50 million for the quarter.

Analyst Ratings Changes

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

Hang Feng Technology Innovation Company Profile

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.