Future FinTech Group Inc. (NASDAQ:FTFT) Short Interest Update

Future FinTech Group Inc. (NASDAQ:FTFT) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 32,456 shares, a decline of 59.7% from the June 15th total of 80,626 shares. Based on an average daily trading volume, of 143,557 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.6% of the company’s shares are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Future FinTech Group stock. XTX Topco Ltd bought a new stake in Future FinTech Group Inc. (NASDAQ:FTFT) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 25,901 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned 0.75% of Future FinTech Group at the end of the most recent quarter. 0.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Future FinTech Group in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Future FinTech Group Price Performance

Shares of NASDAQ FTFT opened at $0.50 on Monday. Future FinTech Group has a 1-year low of $0.45 and a 1-year high of $16.12. The company has a market capitalization of $3.71 million, a price-to-earnings ratio of -0.16 and a beta of 1.82. The business has a 50-day moving average of $3.87 and a 200-day moving average of $6.28.

Future FinTech Group (NASDAQ:FTFT) last announced its earnings results on Friday, May 15th. The company reported ($1.00) EPS for the quarter. The company had revenue of $0.21 million for the quarter. Future FinTech Group had a negative net margin of 37.76% and a negative return on equity of 13.08%.

About Future FinTech Group

Future FinTech Group Inc, incorporated in 2010 and headquartered in Shanghai, China, is an investment holding company listed on the NASDAQ under the symbol FTFT. Since its initial public offering in April 2017, the company has pursued a diversified growth strategy that spans beverage and agricultural production, digital asset operations, and consumer financial services. Future FinTech’s business model centers on acquiring and developing brands and technologies that align with evolving consumer and industrial trends.

In its beverage and agriculture segment, Future FinTech develops, manufactures and distributes a range of functional beverages, including coffee products under the CBK brand and hemp-infused offerings under the Hemp & Coffee label.