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 during the month of September. As of September 30th, there was short interest totalling 267,600 shares, an increase of 7.8% from the September 15th total of 248,300 shares. Currently, 1.7% of the shares of the company are short sold. Based on an average trading volume of 114,900 shares, the short-interest ratio is currently 2.3 days.

Future FinTech Group Stock Performance

FTFT stock opened at $0.33 on Friday. The company has a 50-day moving average of $0.33 and a two-hundred day moving average of $0.56. Future FinTech Group has a 52-week low of $0.29 and a 52-week high of $2.60.

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

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.