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

Future FinTech Group Inc. (NASDAQ:FTFT) saw a large decrease in short interest during the month of 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. Approximately 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 27,697 shares, the days-to-cover ratio is presently 1.2 days.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Future FinTech Group

An institutional investor recently bought a new position in Future FinTech Group stock. Royal Bank of Canada purchased a new stake in shares of Future FinTech Group Inc. (NASDAQ:FTFT) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 40,000 shares of the company’s stock, valued at approximately $31,000. Royal Bank of Canada owned about 0.79% of Future FinTech Group at the end of the most recent reporting period. Institutional investors and hedge funds own 0.19% of the company’s stock.

Future FinTech Group Price Performance

Shares of Future FinTech Group stock opened at $0.81 on Tuesday. The business has a fifty day simple moving average of $1.27 and a two-hundred day simple moving average of $2.08. Future FinTech Group has a 1 year low of $0.78 and a 1 year high of $16.12. The company has a market capitalization of $4.75 million, a price-to-earnings ratio of -0.26 and a beta of 1.77.

Future FinTech Group (NASDAQ:FTFT) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.25) earnings per share (EPS) 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 for the quarter.

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.