Firan Technology Group Co. (OTCMKTS:FTGFF) Sees Significant Growth in Short Interest

Firan Technology Group Co. (OTCMKTS:FTGFF) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 62,659 shares, an increase of 194.7% from the May 31st total of 21,263 shares. Based on an average daily trading volume, of 9,912 shares, the days-to-cover ratio is currently 6.3 days.

Firan Technology Group Stock Performance

Shares of OTCMKTS:FTGFF opened at $16.00 on Monday. Firan Technology Group has a 52-week low of $7.00 and a 52-week high of $19.09. The company has a fifty day moving average of $15.51 and a 200-day moving average of $13.01.

Firan Technology Group (OTCMKTS:FTGFF) last released its quarterly earnings results on Wednesday, April 8th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.02. The firm had revenue of $34.65 million for the quarter, compared to the consensus estimate of $32.96 million.

About Firan Technology Group

Firan Technology Group (OTCMKTS: FTGFF) is a Canadian-based provider of specialized engineering, design and manufacturing solutions serving the aerospace, defense and space markets. The company offers a comprehensive suite of services that includes custom wire harness assemblies, electrical interconnect systems, valence systems and enclosures. Firan’s integrated capabilities extend from concept and prototyping to full-scale production, environmental testing and certification support for both commercial and military applications.

Key product lines include complex cable assemblies, connectors, printed circuit board assemblies and battery management systems tailored to customer specifications.