Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) Stock Short Interest Declines 67.9%

Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) was the recipient of a significant drop in short interest in the month of 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. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 14,090 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

FOFO has been the subject of a number of analyst reports. Weiss Ratings lowered Hang Feng Technology Innovation from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday. Wall Street Zen raised shares of Hang Feng Technology Innovation to a “hold” rating in a report on Saturday, June 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Hang Feng Technology Innovation Trading Down 9.9%

NASDAQ FOFO traded down $0.24 on Friday, hitting $2.19. The company’s stock had a trading volume of 203,655 shares, compared to its average volume of 404,691. The company’s 50-day simple moving average is $2.28 and its 200 day simple moving average is $3.07. Hang Feng Technology Innovation has a 52-week low of $1.70 and a 52-week high of $68.00.

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

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.