Short Interest in Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) Rises By 107.3%

Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 10,989 shares, a growth of 107.3% from the June 30th total of 5,301 shares. Based on an average trading volume of 37,567 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Hang Feng Technology Innovation Price Performance

Shares of FOFO stock opened at $2.01 on Friday. The firm’s fifty day simple moving average is $2.92. Hang Feng Technology Innovation has a 1 year low of $1.75 and a 1 year high of $68.00. The company has a current ratio of 32.94, a quick ratio of 32.94 and a debt-to-equity ratio of 0.01.

Wall Street Analyst Weigh In

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