Short Interest in Future FinTech Group Inc. (NASDAQ:FTFT) Decreases By 93.3%

Future FinTech Group Inc. (NASDAQ:FTFT) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 84,700 shares, a decline of 93.3% from the March 15th total of 1,270,000 shares. Based on an average daily trading volume, of 404,100 shares, the days-to-cover ratio is currently 0.2 days. Currently, 2.8% of the shares of the company are sold short.

Future FinTech Group Trading Down 1.4 %

Shares of FTFT stock traded down $0.02 during trading hours on Tuesday, hitting $1.40. 26,677 shares of the company were exchanged, compared to its average volume of 373,684. The firm has a fifty day simple moving average of $1.99 and a 200 day simple moving average of $2.87. Future FinTech Group has a 52-week low of $1.15 and a 52-week high of $9.30.

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.