Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) Short Interest Up 913.8% in April

Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 20,194 shares, an increase of 913.8% from the April 15th total of 1,992 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 79,718 shares, the days-to-cover ratio is currently 0.3 days.

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on Hang Feng Technology Innovation in a report on Wednesday, January 14th. They set a “sell (e-)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Hang Feng Technology Innovation presently has an average rating of “Sell”.

Hang Feng Technology Innovation Stock Down 3.6%

Shares of FOFO stock opened at $2.43 on Tuesday. Hang Feng Technology Innovation has a 12-month low of $2.34 and a 12-month high of $68.00. The company has a current ratio of 32.94, a quick ratio of 32.94 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average price of $3.99.

Hang Feng Technology Innovation (NASDAQ:FOFO) last issued its earnings results on Thursday, April 16th. The company reported ($0.86) earnings per share (EPS) for the quarter. The firm had revenue of $0.50 million during the quarter.

About Hang Feng Technology Innovation

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.