Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) Shares Shorted: Short Interest Down 89.0% in October

Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) was the recipient of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 2,303 shares, a decrease of 89.0% from the October 15th total of 21,001 shares. Based on an average daily volume of 11,459 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Hang Feng Technology Innovation from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, September 22nd. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Hang Feng Technology Innovation Stock Up 1.9%

Shares of NASDAQ FOFO traded up $0.04 during mid-day trading on Wednesday, reaching $1.83. 552 shares of the company’s stock traded hands, compared to its average volume of 132,998. The business has a 50-day simple moving average of $2.00 and a 200 day simple moving average of $3.12. Hang Feng Technology Innovation has a 1-year low of $1.58 and a 1-year high of $14.93.

Hang Feng Technology Innovation (NASDAQ:FOFO) last posted its earnings results on Friday, August 14th. The company reported ($0.04) EPS for the quarter. The firm 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.