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

Future FinTech Group Inc. (NASDAQ:FTFT) was the recipient of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 248,300 shares, a decrease of 5.1% from the October 15th total of 261,600 shares. Currently, 1.7% of the company’s shares are sold short. Based on an average daily volume of 158,300 shares, the days-to-cover ratio is presently 1.6 days.

Future FinTech Group Stock Performance

Shares of Future FinTech Group stock opened at $0.44 on Monday. Future FinTech Group has a 52-week low of $0.29 and a 52-week high of $2.60. The company’s 50 day moving average price is $0.34 and its 200-day moving average price is $0.47.

Future FinTech Group (NASDAQ:FTFT) last released its quarterly earnings data on Monday, August 19th. The company reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $4.20 million during the quarter. Future FinTech Group had a negative net margin of 94.57% and a negative return on equity of 79.92%.

Future FinTech Group Company Profile

Future FinTech Group Inc, through its subsidiaries, operates online shopping platforms in People’s Republic of China. It operates in three segments: Supply Chain Financing Service and Trading Business, Asset Management Service, and Others. The company offers cross-border money transfer service, brokerage and investment banking, and cryptocurrency mining farm business.