Future FinTech Group Inc. (NASDAQ:FTFT) Short Interest Update

by · The Markets Daily

Future FinTech Group Inc. (NASDAQ:FTFT – Get Free Report) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 48,346 shares, a decrease of 60.4% from the April 30th total of 122,080 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average trading volume of 97,894 shares, the short-interest ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Future FinTech Group in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Get Our Latest Stock Analysis on FTFT

Future FinTech Group Price Performance

FTFT stock traded up $0.07 during midday trading on Monday, hitting $1.28. The stock had a trading volume of 134,640 shares, compared to its average volume of 71,569. The firm has a market cap of $7.51 million, a PE ratio of -0.40 and a beta of 1.77. Future FinTech Group has a 12-month low of $1.00 and a 12-month high of $16.12. The company’s 50-day moving average price is $1.31 and its 200 day moving average price is $2.38.

Future FinTech Group (NASDAQ:FTFT – Get Free Report) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.25) earnings per share for the quarter. The company had revenue of $0.21 million during the quarter. Future FinTech Group had a negative net margin of 37.76% and a negative return on equity of 13.08%.

Institutional Investors Weigh In On Future FinTech Group

An institutional investor recently bought a new position in Future FinTech Group stock. Royal Bank of Canada acquired a new stake in shares of Future FinTech Group Inc. (NASDAQ:FTFT – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 40,000 shares of the company’s stock, valued at approximately $31,000. Royal Bank of Canada owned 0.79% of Future FinTech Group at the end of the most recent reporting period. Institutional investors own 0.19% of the company’s stock.

Future FinTech Group Company Profile

(Get Free Report)

Future FinTech Group Inc, incorporated in 2010 and headquartered in Shanghai, China, is an investment holding company listed on the NASDAQ under the symbol FTFT. Since its initial public offering in April 2017, the company has pursued a diversified growth strategy that spans beverage and agricultural production, digital asset operations, and consumer financial services. Future FinTech’s business model centers on acquiring and developing brands and technologies that align with evolving consumer and industrial trends.

In its beverage and agriculture segment, Future FinTech develops, manufactures and distributes a range of functional beverages, including coffee products under the CBK brand and hemp-infused offerings under the Hemp & Coffee label.

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