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

Future FinTech Group Inc. (NASDAQ:FTFT) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 31,967 shares, a decrease of 33.9% from the May 14th total of 48,346 shares. Based on an average trading volume of 27,697 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.6% of the company’s stock are sold short.

Institutional Investors Weigh In On Future FinTech Group

An institutional investor recently bought a new position in Future FinTech Group stock. Royal Bank of Canada acquired a new stake in Future FinTech Group Inc. (NASDAQ:FTFT) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 40,000 shares of the company’s stock, valued at approximately $31,000. Royal Bank of Canada owned about 0.79% of Future FinTech Group at the end of the most recent quarter. Institutional investors and hedge funds own 0.19% of the company’s stock.

Future FinTech Group Stock Down 4.0%

NASDAQ:FTFT opened at $0.81 on Tuesday. Future FinTech Group has a twelve month low of $0.78 and a twelve month high of $16.12. The business has a 50 day moving average price of $1.27 and a two-hundred day moving average price of $2.08. The company has a market cap of $4.75 million, a P/E ratio of -0.26 and a beta of 1.77.

Future FinTech Group (NASDAQ:FTFT) last released its quarterly earnings data on Friday, May 15th. The company reported ($0.25) EPS for the quarter. The company had revenue of $0.21 million during the quarter. Future FinTech Group had a negative net margin of 37.76% and a negative return on equity of 13.08%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Future FinTech Group in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

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.