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

Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 2,036 shares, a drop of 62.6% from the August 15th total of 5,446 shares. Based on an average daily volume of 4,219 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the company’s stock are sold short.

Hang Feng Technology Innovation Stock Down 3.6%

FOFO stock traded down $0.08 during midday trading on Friday, hitting $2.12. The company’s stock had a trading volume of 9,941 shares, compared to its average volume of 6,509. The stock’s 50-day moving average price is $2.50 and its 200 day moving average price is $3.18. Hang Feng Technology Innovation has a 1 year low of $1.75 and a 1 year high of $68.00.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on FOFO shares. Wall Street Zen raised shares of Hang Feng Technology Innovation to a “hold” rating in a research report on Saturday, June 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Hang Feng Technology Innovation in a research report on Tuesday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently 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.