Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) Short Interest Update

Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 2,036 shares, a drop of 62.6% from the August 15th total of 5,446 shares. Based on an average daily volume of 4,219 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FOFO shares. Wall Street Zen raised shares of Hang Feng Technology Innovation to a “hold” rating in a research report on Saturday, June 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Hang Feng Technology Innovation in a research report on Tuesday, September 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Hang Feng Technology Innovation Trading Down 2.9%

Shares of FOFO stock traded down $0.05 on Tuesday, hitting $1.84. The company’s stock had a trading volume of 34,841 shares, compared to its average volume of 112,678. Hang Feng Technology Innovation has a fifty-two week low of $1.75 and a fifty-two week high of $68.00. The stock’s 50 day moving average is $2.46 and its 200-day moving average is $3.15.

Hang Feng Technology Innovation (NASDAQ:FOFO) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $0.18 million for the quarter.

About Hang Feng Technology Innovation

Hang Feng Technology Innovation Co, Ltd. is a company providing comprehensive corporate management consulting and asset management services. Hang Feng Technology Innovation Co, Ltd. is based in Hong Kong.