Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) Sees Large Drop in Short Interest

Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 21,001 shares, a drop of 44.0% from the September 30th total of 37,492 shares. Based on an average daily trading volume, of 44,394 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the shares of the company are short sold.

Hang Feng Technology Innovation Stock Down 4.0%

NASDAQ FOFO traded down $0.07 during trading hours on Monday, reaching $1.69. 43,758 shares of the company’s stock were exchanged, compared to its average volume of 29,633. The firm has a fifty day moving average of $2.09 and a 200-day moving average of $3.24. Hang Feng Technology Innovation has a one year low of $1.58 and a one year high of $14.93.

Hang Feng Technology Innovation (NASDAQ:FOFO) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $0.18 million for the quarter.

Wall Street Analyst Weigh In

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

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.