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

Future FinTech Group Inc. (NASDAQ:FTFT) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 31,967 shares, a decrease of 33.9% from the May 14th total of 48,346 shares. Based on an average daily volume of 27,697 shares, the short-interest ratio is presently 1.2 days. Currently, 0.6% of the company’s stock are short sold.

Future FinTech Group Stock Performance

FTFT traded down $0.12 during trading hours on Wednesday, reaching $0.67. The company’s stock had a trading volume of 590,165 shares, compared to its average volume of 99,989. Future FinTech Group has a 52 week low of $0.49 and a 52 week high of $16.12. The company’s 50-day moving average is $1.27 and its 200-day moving average is $2.05. The firm has a market cap of $3.90 million, a PE ratio of -0.21 and a beta of 1.77.

Future FinTech Group (NASDAQ:FTFT) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.25) earnings per share for the quarter. Future FinTech Group had a negative net margin of 37.76% and a negative return on equity of 13.08%. The business had revenue of $0.21 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Future FinTech Group in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Investors Weigh In On Future FinTech Group

A hedge fund recently bought a new stake in Future FinTech Group stock. Royal Bank of Canada acquired a new stake in Future FinTech Group Inc. (NASDAQ:FTFT) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 40,000 shares of the company’s stock, valued at approximately $31,000. Royal Bank of Canada owned approximately 0.79% of Future FinTech Group at the end of the most recent reporting period. 0.19% of the stock is owned by institutional investors.

Future FinTech Group Company Profile

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.