Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) Stock Short Interest Report for October

Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 21,001 shares, a decline of 44.0% from the September 30th total of 37,492 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 44,394 shares, the short-interest ratio is currently 0.5 days.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded 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. According to data from MarketBeat, the company presently has an average rating of “Sell”.

Hang Feng Technology Innovation Stock Down 7.9%

Shares of Hang Feng Technology Innovation stock traded down $0.15 on Friday, reaching $1.76. 9,117 shares of the company were exchanged, compared to its average volume of 29,930. Hang Feng Technology Innovation has a 1-year low of $1.70 and a 1-year high of $14.93. The company’s 50-day moving average is $2.10 and its two-hundred day moving average is $3.25.

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

About Hang Feng Technology Innovation

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.