Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) Stock Short Interest Falls 89.0%

Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) saw a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 2,303 shares, a drop of 89.0% from the October 15th total of 21,001 shares. Based on an average daily volume of 11,459 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Hang Feng Technology Innovation Stock Down 0.6%

FOFO stock traded down $0.01 during midday trading on Thursday, reaching $1.77. The company had a trading volume of 9,534 shares, compared to its average volume of 132,472. The stock has a 50 day moving average price of $1.98 and a 200-day moving average price of $3.08. Hang Feng Technology Innovation has a 1-year low of $1.58 and a 1-year high of $14.93.

Hang Feng Technology Innovation (NASDAQ:FOFO) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $0.18 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Hang Feng Technology Innovation from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, September 22nd. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

About Hang Feng Technology Innovation

Hang Feng Technology Innovation Co., Ltd. is a company providing comprehensive corporate management consulting and asset management services. Hang Feng Technology Innovation Co., Ltd. is based in Hong Kong.