Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) Sees Significant Increase in Short Interest

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 4,720,000 shares, a growth of 8.0% from the September 30th total of 4,370,000 shares. Approximately 41.9% of the company’s shares are short sold. Based on an average daily volume of 10,110,000 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of Faraday Future Intelligent Electric

Several institutional investors and hedge funds have recently made changes to their positions in FFIE. SG Americas Securities LLC bought a new stake in shares of Faraday Future Intelligent Electric during the 2nd quarter valued at $420,000. Busey Bank bought a new stake in shares of Faraday Future Intelligent Electric during the 2nd quarter valued at $252,000. Victory Capital Management Inc. bought a new stake in shares of Faraday Future Intelligent Electric during the 2nd quarter valued at $29,000. Wealthspire Advisors LLC bought a new stake in shares of Faraday Future Intelligent Electric during the 2nd quarter valued at $25,000. Finally, Marathon Trading Investment Management LLC bought a new stake in shares of Faraday Future Intelligent Electric during the 2nd quarter valued at $102,000. Institutional investors own 71.74% of the company’s stock.

Faraday Future Intelligent Electric Trading Up 1.0 %

FFIE stock opened at $2.05 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.15 and a current ratio of 0.26. The company has a 50 day moving average price of $3.46 and a 200 day moving average price of $11.67. Faraday Future Intelligent Electric has a fifty-two week low of $1.52 and a fifty-two week high of $156.00.

Faraday Future Intelligent Electric (NASDAQ:FFIE) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($5.20) earnings per share for the quarter. Faraday Future Intelligent Electric had a negative return on equity of 117.46% and a negative net margin of 29,540.78%. The company had revenue of $0.29 million during the quarter.

Faraday Future Intelligent Electric Company Profile

Faraday Future Intelligent Electric Inc engages in the design, development, manufacture, engineering, sale, and distribution of electric vehicles and related products in the United States. The company was incorporated in 2014 and is headquartered in Los Angeles, California.