Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) Short Interest Update

Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 29,983 shares, a drop of 34.5% from the May 31st total of 45,783 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 904,280 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

Several research firms have issued reports on FOFO. Wall Street Zen upgraded Hang Feng Technology Innovation to a “hold” rating in a research report on Saturday, June 27th. Weiss Ratings upgraded shares of Hang Feng Technology Innovation from a “sell (e)” rating to a “sell (d-)” rating in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Hang Feng Technology Innovation Stock Down 0.3%

Shares of Hang Feng Technology Innovation stock opened at $3.17 on Thursday. The firm has a 50-day moving average of $2.97. Hang Feng Technology Innovation has a 12-month low of $1.75 and a 12-month high of $68.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 32.94 and a quick ratio of 32.94.

Hang Feng Technology Innovation (NASDAQ:FOFO) last announced its quarterly earnings results on Thursday, April 16th. The company reported ($0.86) 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.