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

Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 37,492 shares, an increase of 5,632.7% from the September 15th total of 654 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 751,696 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

FOFO has been the subject of several analyst reports. Weiss Ratings downgraded shares of Hang Feng Technology Innovation from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, September 22nd. Wall Street Zen raised Hang Feng Technology Innovation to a “hold” rating in a research report on Saturday, June 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Hang Feng Technology Innovation Price Performance

Shares of NASDAQ FOFO traded down $0.07 during midday trading on Friday, hitting $1.96. 36,458 shares of the company’s stock traded hands, compared to its average volume of 145,432. The firm has a fifty day moving average of $2.26 and a 200 day moving average of $2.90. Hang Feng Technology Innovation has a 1 year low of $1.70 and a 1 year high of $21.82.

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