Short Interest in Future FinTech Group Inc. (NASDAQ:FTFT) Rises By 53.2%

Future FinTech Group Inc. (NASDAQ:FTFT) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 138,365 shares, an increase of 53.2% from the November 30th total of 90,308 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average trading volume of 44,111 shares, the short-interest ratio is presently 3.1 days. Based on an average trading volume of 44,111 shares, the short-interest ratio is presently 3.1 days. Approximately 0.7% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

FTFT has been the topic of a number of recent research reports. Wall Street Zen raised Future FinTech Group to a “hold” rating in a report on Friday, September 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Future FinTech Group in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Future FinTech Group Price Performance

Shares of FTFT stock traded down $0.08 during midday trading on Monday, reaching $0.85. 25,151 shares of the company traded hands, compared to its average volume of 621,578. The firm’s 50 day simple moving average is $1.36 and its two-hundred day simple moving average is $1.78. Future FinTech Group has a 1-year low of $0.85 and a 1-year high of $5.00. The firm has a market cap of $17.09 million, a PE ratio of -0.06 and a beta of 1.17.

Future FinTech Group (NASDAQ:FTFT) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.33) earnings per share for the quarter. Future FinTech Group had a negative return on equity of 303.80% and a negative net margin of 1,038.07%.The firm had revenue of $1.33 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Future FinTech Group stock. XTX Topco Ltd purchased a new position in shares of Future FinTech Group Inc. (NASDAQ:FTFT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 25,901 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned about 0.75% of Future FinTech Group as of its most recent SEC filing. 0.19% of the stock is currently owned by hedge funds and other institutional investors.

Future FinTech Group Company Profile

Future FinTech Group Inc, incorporated in 2010 and headquartered in Shanghai, China, is an investment holding company listed on the NASDAQ under the symbol FTFT. Since its initial public offering in April 2017, the company has pursued a diversified growth strategy that spans beverage and agricultural production, digital asset operations, and consumer financial services. Future FinTech’s business model centers on acquiring and developing brands and technologies that align with evolving consumer and industrial trends.

In its beverage and agriculture segment, Future FinTech develops, manufactures and distributes a range of functional beverages, including coffee products under the CBK brand and hemp-infused offerings under the Hemp & Coffee label.