Future Fintech Group Inc (NASDAQ:FTFT) Short Interest Update

Future Fintech Group Inc (NASDAQ:FTFT) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totalling 262,900 shares, a decrease of 8.6% from the April 30th total of 287,600 shares. Based on an average daily volume of 190,100 shares, the days-to-cover ratio is currently 1.4 days. Currently, 2.1% of the company’s stock are sold short.

Shares of Future Fintech Group stock traded down $0.01 during trading on Friday, reaching $1.04. The company had a trading volume of 158,623 shares, compared to its average volume of 81,884. The firm’s fifty day moving average is $1.19 and its 200-day moving average is $0.83. Future Fintech Group has a fifty-two week low of $0.42 and a fifty-two week high of $1.58.

Separately, ValuEngine lowered shares of Future Fintech Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 1st.

An institutional investor recently raised its position in Future Fintech Group stock. Barclays PLC lifted its holdings in shares of Future Fintech Group Inc (NASDAQ:FTFT) by 490.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 73,209 shares of the company’s stock after buying an additional 60,809 shares during the period. Barclays PLC owned 0.21% of Future Fintech Group worth $33,000 at the end of the most recent reporting period. Institutional investors own 0.29% of the company’s stock.

Future Fintech Group Company Profile

Future FinTech Group Inc, through its subsidiaries, produces and sells fruit juice concentrates, fruit beverages, and other fruit-related products in the People's Republic of China. It offers fruit juice concentrates, including fruit purees, concentrated fruit purees, and concentrated fruit juices; fruit beverages, such as fruit juice and fruit cider beverages; and other fruit-related products comprising organic and non-organic fresh fruits, dried fruits, preserved fruits, and fructose.

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