Future FinTech Group Inc. (NASDAQ:FTFT) Short Interest Update

Future FinTech Group Inc. (NASDAQ:FTFT) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 138,365 shares, a growth of 53.2% from the November 30th total of 90,308 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 44,111 shares, the short-interest ratio is currently 3.1 days. Based on an average daily trading volume, of 44,111 shares, the short-interest ratio is currently 3.1 days. Currently, 0.7% of the company’s stock are short sold.

Future FinTech Group Trading Down 8.4%

Shares of NASDAQ FTFT traded down $0.08 during trading hours on Monday, reaching $0.85. The stock had a trading volume of 25,151 shares, compared to its average volume of 621,578. The firm has a 50-day moving average of $1.36 and a 200-day moving average of $1.78. The firm has a market cap of $17.09 million, a price-to-earnings ratio of -0.06 and a beta of 1.17. Future FinTech Group has a fifty-two week low of $0.85 and a fifty-two week high of $5.00.

Future FinTech Group (NASDAQ:FTFT) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.33) EPS for the quarter. The business had revenue of $1.33 million during the quarter. Future FinTech Group had a negative net margin of 1,038.07% and a negative return on equity of 303.80%.

Wall Street Analysts Forecast Growth

FTFT has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Future FinTech Group in a research report on Monday, December 22nd. Wall Street Zen raised shares of Future FinTech Group to a “hold” rating in a report on Friday, September 26th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Institutional Investors Weigh In On Future FinTech Group

A hedge fund recently bought a new stake in Future FinTech Group stock. XTX Topco Ltd purchased a new position in shares of Future FinTech Group Inc. (NASDAQ:FTFT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 25,901 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned about 0.75% of Future FinTech Group as of its most recent SEC filing. 0.19% of the stock is currently owned by institutional investors and hedge funds.

About Future FinTech Group

Future FinTech Group Inc, incorporated in 2010 and headquartered in Shanghai, China, is an investment holding company listed on the NASDAQ under the symbol FTFT. Since its initial public offering in April 2017, the company has pursued a diversified growth strategy that spans beverage and agricultural production, digital asset operations, and consumer financial services. Future FinTech’s business model centers on acquiring and developing brands and technologies that align with evolving consumer and industrial trends.

In its beverage and agriculture segment, Future FinTech develops, manufactures and distributes a range of functional beverages, including coffee products under the CBK brand and hemp-infused offerings under the Hemp & Coffee label.