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

Future FinTech Group Inc. (NASDAQ:FTFT) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 45,678 shares, a drop of 14.8% from the March 31st total of 53,639 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average trading volume of 38,344 shares, the days-to-cover ratio is presently 1.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Future FinTech Group in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Future FinTech Group stock. Royal Bank of Canada purchased a new position in shares of Future FinTech Group Inc. (NASDAQ:FTFT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 40,000 shares of the company’s stock, valued at approximately $31,000. Royal Bank of Canada owned 0.79% of Future FinTech Group as of its most recent SEC filing. Hedge funds and other institutional investors own 0.19% of the company’s stock.

Future FinTech Group Trading Up 4.0%

FTFT stock traded up $0.06 during midday trading on Friday, hitting $1.56. 474,581 shares of the company’s stock were exchanged, compared to its average volume of 75,948. The business has a 50-day simple moving average of $1.40 and a two-hundred day simple moving average of $3.30. The stock has a market capitalization of $8.17 million, a PE ratio of -0.03 and a beta of 1.59. Future FinTech Group has a 1-year low of $1.00 and a 1-year high of $16.12.

Future FinTech Group (NASDAQ:FTFT) last posted its earnings results on Wednesday, March 18th. The company reported $29.81 earnings per share (EPS) for the quarter. The company had revenue of $1.35 million during the quarter. Future FinTech Group had a negative return on equity of 127.23% and a negative net margin of 120.63%.

Future FinTech Group Company Profile

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.