Traders Purchase High Volume of Call Options on Faraday Future Intelligent Electric (NASDAQ:FFIE)

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) was the recipient of unusually large options trading on Friday. Traders bought 33,674 call options on the company. This is an increase of 186% compared to the typical volume of 11,758 call options.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FFIE. Victory Capital Management Inc. boosted its position in shares of Faraday Future Intelligent Electric by 10.6% in the third quarter. Victory Capital Management Inc. now owns 62,638 shares of the company’s stock valued at $180,000 after acquiring an additional 5,983 shares during the period. Marathon Trading Investment Management LLC purchased a new stake in Faraday Future Intelligent Electric in the 2nd quarter worth approximately $102,000. Finally, Wealthspire Advisors LLC bought a new position in Faraday Future Intelligent Electric in the 2nd quarter valued at $25,000. Hedge funds and other institutional investors own 71.74% of the company’s stock.

Faraday Future Intelligent Electric Price Performance

Shares of NASDAQ FFIE opened at $1.76 on Friday. The stock has a fifty day moving average of $1.50 and a 200-day moving average of $6.75. The company has a current ratio of 0.32, a quick ratio of 0.21 and a debt-to-equity ratio of 0.20. Faraday Future Intelligent Electric has a fifty-two week low of $0.99 and a fifty-two week high of $156.00.

Faraday Future Intelligent Electric Company Profile

Faraday Future Intelligent Electric Inc engages in the design, development, manufacture, engineering, sale, and distribution of electric vehicles and related products in the United States. The company was incorporated in 2014 and is headquartered in Los Angeles, California.