Short Interest in Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) Decreases By 47.3%

Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 10,640 shares, a decline of 47.3% from the April 30th total of 20,194 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 48,886 shares, the short-interest ratio is currently 0.2 days.

Hang Feng Technology Innovation Stock Up 62.1%

NASDAQ:FOFO traded up $1.31 on Monday, reaching $3.41. 582,470 shares of the company’s stock were exchanged, compared to its average volume of 64,708. The company has a debt-to-equity ratio of 0.01, a current ratio of 32.94 and a quick ratio of 32.94. The business has a fifty day simple moving average of $3.48. Hang Feng Technology Innovation has a 52-week low of $1.75 and a 52-week high of $68.00.

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

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Hang Feng Technology Innovation in a report on Friday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Hang Feng Technology Innovation has an average 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.