Future FinTech Group Inc. (NASDAQ:FTFT) Sees Large Growth in Short Interest

Future FinTech Group Inc. (NASDAQ:FTFT) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 413,000 shares, anincreaseof653.6% from the June 30th total of 54,800 shares. Approximately10.1% of the company’s stock are short sold. Based on an average daily trading volume, of 1,690,000 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 1,690,000 shares, the short-interest ratio is presently 0.2 days. Approximately10.1% of the company’s stock are short sold.

Future FinTech Group Stock Down 3.8%

FTFT opened at $2.02 on Friday. Future FinTech Group has a 12-month low of $1.01 and a 12-month high of $5.70. The firm’s fifty day moving average price is $1.66 and its 200 day moving average price is $1.87.

Future FinTech Group (NASDAQ:FTFT) last issued its earnings results on Tuesday, May 20th. The company reported ($12.65) earnings per share (EPS) for the quarter. The firm had revenue of $0.55 million for the quarter.

About Future FinTech Group

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.