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

Future FinTech Group Inc. (NASDAQ:FTFT) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 938,799 shares, a growth of 386.1% from the August 31st total of 193,133 shares. Approximately 10.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 28,373,408 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Future FinTech Group in a report on Monday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Future FinTech Group Price Performance

NASDAQ FTFT opened at $4.42 on Friday. The business has a fifty day moving average price of $3.65 and a two-hundred day moving average price of $12.77. Future FinTech Group has a fifty-two week low of $1.22 and a fifty-two week high of $154.88. The stock has a market capitalization of $41.46 million, a PE ratio of -0.15 and a beta of 1.80.

Future FinTech Group (NASDAQ:FTFT) last issued its earnings results on Friday, August 14th. The company reported ($5.04) earnings per share for the quarter. Future FinTech Group had a negative net margin of 157.53% and a negative return on equity of 12.22%. The business had revenue of $0.33 million during the quarter.

Future FinTech Group Company Profile

Future FinTech Group Inc (NASDAQ: FTFT) is a financial technology company focused on blockchain, digital assets and related financial services. The company has developed and operated blockchain-based platforms, digital payment solutions and cryptocurrency-related businesses.

Its activities have included Chain Cloud Mall, an online shopping platform that uses blockchain technology, as well as cryptocurrency mining and digital-asset services. The company has also pursued opportunities in fintech, including cross-border payment and other technology-enabled financial solutions.

Future FinTech was formerly known as Future Biotechnology Inc and historically operated in the fruit juice business before shifting its strategy toward blockchain and financial technology.