Short Interest in Future FinTech Group Inc. (NASDAQ:FTFT) Grows By 329.8%

Future FinTech Group Inc. (NASDAQ:FTFT) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 1,270,000 shares, a growth of 329.8% from the February 28th total of 295,500 shares. Based on an average trading volume of 3,970,000 shares, the days-to-cover ratio is currently 0.3 days. Currently, 8.6% of the shares of the stock are short sold.

Future FinTech Group Stock Down 9.4 %

Shares of Future FinTech Group stock opened at $0.17 on Friday. Future FinTech Group has a 12-month low of $0.17 and a 12-month high of $1.02. The stock’s fifty day moving average is $0.23 and its 200-day moving average is $0.30.

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.