Future FinTech Group Inc. (NASDAQ:FTFT) Short Interest Up 329.8% in March

Future FinTech Group Inc. (NASDAQ:FTFT) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 1,270,000 shares, an increase of 329.8% from the February 28th total of 295,500 shares. Based on an average daily volume of 3,970,000 shares, the short-interest ratio is currently 0.3 days. Approximately 8.6% of the shares of the company are short sold.

Future FinTech Group Price Performance

FTFT traded down $0.00 during trading on Thursday, reaching $0.19. 89,431 shares of the company were exchanged, compared to its average volume of 4,361,407. Future FinTech Group has a 52 week low of $0.18 and a 52 week high of $1.04. The firm has a 50 day moving average of $0.24 and a 200 day moving average of $0.31.

About Future FinTech Group

Future FinTech Group Inc, through its subsidiaries, operates online shopping platforms in People’s Republic of China. It operates in three segments: Supply Chain Financing Service and Trading Business, Asset Management Service, and Others. The company offers cross-border money transfer service, brokerage and investment banking, and cryptocurrency mining farm business.