Future FinTech Group Inc. (NASDAQ:FTFT) Short Interest Up 53.2% in December

Future FinTech Group Inc. (NASDAQ:FTFT) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totaling 138,365 shares, an increase of 53.2% from the November 30th total of 90,308 shares. Based on an average daily trading volume, of 44,111 shares, the days-to-cover ratio is currently 3.1 days. Currently, 0.7% of the shares of the stock are sold short. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 44,111 shares, the days-to-cover ratio is currently 3.1 days.

Wall Street Analysts Forecast Growth

FTFT has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Future FinTech Group in a report on Monday, December 22nd. Wall Street Zen upgraded shares of Future FinTech Group to a “hold” rating in a research report on Friday, September 26th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Future FinTech Group currently has a consensus rating of “Sell”.

Future FinTech Group Trading Down 4.4%

FTFT stock opened at $0.81 on Wednesday. The company’s 50 day moving average is $1.30 and its 200 day moving average is $1.77. The stock has a market cap of $16.35 million, a price-to-earnings ratio of -0.06 and a beta of 1.17. Future FinTech Group has a 1-year low of $0.78 and a 1-year high of $5.00.

Future FinTech Group (NASDAQ:FTFT) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.33) EPS for the quarter. The company had revenue of $1.33 million during the quarter. Future FinTech Group had a negative return on equity of 303.80% and a negative net margin of 1,038.07%.

Institutional Investors Weigh In On Future FinTech Group

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

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.