Future FinTech Group Inc. (NASDAQ:FTFT) Shares Shorted: Short Interest Down 79.4% in September

Future FinTech Group Inc. (NASDAQ:FTFT) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 193,374 shares, a decline of 79.4% from the September 15th total of 938,799 shares. Based on an average daily volume of 2,580,424 shares, the short-interest ratio is currently 0.1 days. Approximately 2.1% of the company’s shares are short sold.

Future FinTech Group Stock Down 5.0%

FTFT traded down $0.17 during trading on Friday, hitting $3.20. The company had a trading volume of 42,655 shares, compared to its average volume of 10,901,565. The company has a market capitalization of $30.02 million, a PE ratio of -0.11 and a beta of 1.70. Future FinTech Group has a one year low of $1.22 and a one year high of $151.68. The firm’s 50-day moving average price is $3.39 and its 200 day moving average price is $11.45.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on FTFT shares. Wall Street Zen raised shares of Future FinTech Group to a “sell” rating in a research note on Saturday, September 26th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Future FinTech Group in a research note on Monday, September 21st. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About Future FinTech Group

Future FinTech Group Inc is a financial technology and blockchain company traded on the Nasdaq under the symbol FTFT. The company develops and operates businesses connected with digital assets, blockchain applications, online commerce and financial services.

Its activities have included the Chain Cloud Mall, a blockchain-based online shopping platform, as well as cryptocurrency mining and digital-asset-related services. The company has also explored digital-asset exchanges, payment solutions and other fintech initiatives through subsidiaries and strategic investments.

Future FinTech was formerly known as SkyPeople Fruit Juice, a company associated with fruit juice production and related agricultural businesses in China.