Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) Short Interest Down 34.5% in June

Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 29,983 shares, a drop of 34.5% from the May 31st total of 45,783 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 904,280 shares, the days-to-cover ratio is presently 0.0 days.

Hang Feng Technology Innovation Stock Performance

FOFO remained flat at $2.93 during midday trading on Friday. 32,981 shares of the company’s stock traded hands, compared to its average volume of 244,061. The firm’s 50 day moving average is $2.95. The company has a quick ratio of 32.94, a current ratio of 32.94 and a debt-to-equity ratio of 0.01. Hang Feng Technology Innovation has a 1-year low of $1.75 and a 1-year high of $68.00.

Hang Feng Technology Innovation (NASDAQ:FOFO) last announced its quarterly earnings results on Thursday, April 16th. The company reported ($0.86) EPS for the quarter. The firm had revenue of $0.50 million for the quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on FOFO shares. Wall Street Zen upgraded shares of Hang Feng Technology Innovation to a “hold” rating in a report on Saturday, June 27th. Weiss Ratings raised Hang Feng Technology Innovation from a “sell (e)” rating to a “sell (d-)” rating in a research report on Thursday, June 11th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

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.