Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) Sees Significant Decrease in Short Interest

Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 21,001 shares, a decrease of 44.0% from the September 30th total of 37,492 shares. Based on an average daily trading volume, of 44,394 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Hang Feng Technology Innovation from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, September 22nd. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Hang Feng Technology Innovation presently has an average rating of “Sell”.

Hang Feng Technology Innovation Price Performance

Shares of NASDAQ FOFO traded down $0.15 during mid-day trading on Friday, hitting $1.76. 9,117 shares of the company were exchanged, compared to its average volume of 29,930. The stock has a 50 day simple moving average of $2.10 and a 200-day simple moving average of $3.25. Hang Feng Technology Innovation has a 1-year low of $1.70 and a 1-year high of $14.93.

Hang Feng Technology Innovation (NASDAQ:FOFO) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $0.18 million for the quarter.

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.