Future FinTech Group Inc. (NASDAQ:FTFT) Short Interest Update

Future FinTech Group Inc. (NASDAQ:FTFT) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 290,400 shares, an increase of 13.1% from the August 15th total of 256,700 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average trading volume of 104,800 shares, the short-interest ratio is presently 2.8 days.

Future FinTech Group Stock Up 0.6 %

Shares of FTFT stock opened at $0.30 on Monday. The business’s fifty day simple moving average is $0.37 and its 200-day simple moving average is $0.67. Future FinTech Group has a 12-month low of $0.29 and a 12-month high of $2.60.

Future FinTech Group (NASDAQ:FTFT) last released its quarterly earnings data on Monday, August 19th. The company reported ($0.09) EPS for the quarter. Future FinTech Group had a negative net margin of 94.57% and a negative return on equity of 79.92%. The business had revenue of $4.20 million during the quarter.

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 four segments: Shared Shopping Mall Membership Fee, Fruit Related Products, Sales of Goods, and Others. The company operates Chain Cloud Mall (CCM), a real-name blockchain based e-commerce platform that integrates blockchain and internet technology; and NONOGIRL, a cross-border e-commerce platform.