Faraday Future Intelligent Electric Sees Unusually High Options Volume (NASDAQ:FFIE)

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) was the target of unusually large options trading activity on Friday. Investors bought 33,674 call options on the stock. This represents an increase of approximately 186% compared to the typical daily volume of 11,758 call options.

Institutional Trading of Faraday Future Intelligent Electric

A number of large investors have recently added to or reduced their stakes in FFIE. Victory Capital Management Inc. grew its holdings in shares of Faraday Future Intelligent Electric by 10.6% in the third quarter. Victory Capital Management Inc. now owns 62,638 shares of the company’s stock valued at $180,000 after purchasing an additional 5,983 shares in the last quarter. Marathon Trading Investment Management LLC purchased a new stake in shares of Faraday Future Intelligent Electric during the 2nd quarter valued at about $102,000. Finally, Wealthspire Advisors LLC bought a new position in shares of Faraday Future Intelligent Electric in the 2nd quarter valued at about $25,000. Institutional investors own 71.74% of the company’s stock.

Faraday Future Intelligent Electric Stock Performance

Shares of Faraday Future Intelligent Electric stock traded up $0.39 during trading on Friday, reaching $1.71. 24,060,744 shares of the stock traded hands, compared to its average volume of 5,451,791. Faraday Future Intelligent Electric has a 52-week low of $0.99 and a 52-week high of $156.00. The company has a current ratio of 0.32, a quick ratio of 0.21 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $1.51 and a two-hundred day simple moving average of $7.00.

About Faraday Future Intelligent Electric

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.