FF EAI Robotics Ecosystem Inc. (NASDAQ:FFR) Sees Large Decline in Short Interest

FF EAI Robotics Ecosystem Inc. (NASDAQ:FFR) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 299,405 shares, a decrease of 73.6% from the September 30th total of 1,132,139 shares. Based on an average daily volume of 1,850,549 shares, the days-to-cover ratio is currently 0.2 days. Currently, 1.4% of the company’s shares are sold short.

FF EAI Robotics Ecosystem Trading Up 4.5%

FF EAI Robotics Ecosystem stock traded up $0.05 during mid-day trading on Wednesday, hitting $1.16. The company had a trading volume of 202,991 shares, compared to its average volume of 751,261. FF EAI Robotics Ecosystem has a 12 month low of $0.59 and a 12 month high of $3.36. The company has a market capitalization of $24.49 million, a PE ratio of -0.20 and a beta of 0.50. The stock’s 50 day moving average price is $1.14 and its two-hundred day moving average price is $1.25.

FF EAI Robotics Ecosystem (NASDAQ:FFR) last posted its quarterly earnings results on Friday, August 7th. The company reported ($0.21) earnings per share (EPS) for the quarter.

Analysts Set New Price Targets

Several research firms recently weighed in on FFR. Weiss Ratings restated a “sell (e+)” rating on shares of FF EAI Robotics Ecosystem in a research report on Monday, October 19th. Wall Street Zen upgraded shares of FF EAI Robotics Ecosystem to a “sell” rating in a report on Saturday, October 17th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, FF EAI Robotics Ecosystem presently has an average rating of “Sell”.

About FF EAI Robotics Ecosystem

FF EAI Robotics Ecosystem (NASDAQ: FFR) is a technology company focused on developing an ecosystem that combines artificial intelligence, electric vehicles and robotics. Its activities are centered on intelligent mobility products, software and related services designed to connect vehicles, users and digital technologies.

The company is historically associated with Faraday Future, an electric-vehicle developer known for the FF 91 luxury electric vehicle. The FF 91 was designed as a high-performance, connected vehicle featuring advanced driver-assistance technology, digital services and a premium interior.