Future FinTech Group Inc. (NASDAQ:FTFT – Get Free Report) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 938,799 shares, a growth of 386.1% from the August 31st total of 193,133 shares. Approximately 10.2% of the shares of the company are short sold. Based on an average trading volume of 28,373,408 shares, the days-to-cover ratio is presently 0.0 days.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Future FinTech Group in a report on Monday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Future FinTech Group presently has an average rating of “Sell”.
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Future FinTech Group Price Performance
Future FinTech Group (NASDAQ:FTFT – Get Free Report) last announced its earnings results on Friday, August 14th. The company reported ($5.04) earnings per share (EPS) for the quarter. Future FinTech Group had a negative net margin of 157.53% and a negative return on equity of 12.22%. The business had revenue of $0.33 million during the quarter.
Future FinTech Group Company Profile
Future FinTech Group Inc (NASDAQ: FTFT) is a financial technology company focused on blockchain, digital assets and related financial services. The company has developed and operated blockchain-based platforms, digital payment solutions and cryptocurrency-related businesses.
Its activities have included Chain Cloud Mall, an online shopping platform that uses blockchain technology, as well as cryptocurrency mining and digital-asset services. The company has also pursued opportunities in fintech, including cross-border payment and other technology-enabled financial solutions.
Future FinTech was formerly known as Future Biotechnology Inc and historically operated in the fruit juice business before shifting its strategy toward blockchain and financial technology.
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