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 drop in short interest in September. As of September 15th, there was short interest totaling 654 shares, a drop of 67.9% from the August 31st total of 2,036 shares. Based on an average daily volume of 14,090 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FOFO. Wall Street Zen upgraded shares of Hang Feng Technology Innovation to a “hold” rating in a report on Saturday, June 27th. Weiss Ratings cut Hang Feng Technology Innovation from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, September 22nd. One 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”.

Hang Feng Technology Innovation Stock Performance

Shares of FOFO traded down $0.20 during trading hours on Monday, hitting $2.00. The stock had a trading volume of 85,477 shares, compared to its average volume of 151,681. The firm has a 50-day moving average price of $2.28 and a 200 day moving average price of $3.07. Hang Feng Technology Innovation has a fifty-two week low of $1.70 and a fifty-two week high of $68.00.

Hang Feng Technology Innovation (NASDAQ:FOFO) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $0.18 million for the quarter.

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.