Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) Shares Shorted: Short Interest Down 89.0% in October

Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) was the recipient of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 2,303 shares, a decline of 89.0% from the October 15th total of 21,001 shares. Based on an average trading volume of 11,459 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Hang Feng Technology Innovation from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, September 22nd. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Hang Feng Technology Innovation Stock Performance

Shares of FOFO remained flat at $1.77 during trading hours on Friday. 7,496 shares of the stock were exchanged, compared to its average volume of 131,901. Hang Feng Technology Innovation has a 52-week low of $1.58 and a 52-week high of $14.93. The firm has a 50 day moving average price of $1.98 and a two-hundred day moving average price of $3.08.

Hang Feng Technology Innovation (NASDAQ:FOFO) last released its earnings results on Friday, August 14th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $0.18 million during the quarter.

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.