Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) Short Interest Up 330.3% in May

Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 45,783 shares, an increase of 330.3% from the May 14th total of 10,640 shares. Based on an average daily trading volume, of 146,183 shares, the short-interest ratio is presently 0.3 days. Approximately 0.6% of the shares of the stock are short sold.

Hang Feng Technology Innovation Price Performance

Shares of FOFO opened at $2.86 on Friday. Hang Feng Technology Innovation has a 1 year low of $1.75 and a 1 year high of $68.00. The company has a quick ratio of 32.94, a current ratio of 32.94 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average of $3.41.

Hang Feng Technology Innovation (NASDAQ:FOFO) last issued its quarterly earnings data on Thursday, April 16th. The company reported ($0.86) earnings per share (EPS) for the quarter. The business had revenue of $0.50 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Hang Feng Technology Innovation in a report on Friday, May 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Hang Feng Technology Innovation has an average rating of “Sell”.

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.