Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) Shares Shorted: Short Interest Down 67.9% in September

Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 654 shares, a drop of 67.9% from the August 31st total of 2,036 shares. Based on an average trading volume of 14,090 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Hang Feng Technology Innovation Trading Up 3.9%

Shares of FOFO traded up $0.08 during trading hours on Tuesday, hitting $2.14. The stock had a trading volume of 26,545 shares, compared to its average volume of 151,044. Hang Feng Technology Innovation has a 12-month low of $1.70 and a 12-month high of $43.00. The company’s fifty day simple moving average is $2.27 and its 200 day simple moving average is $3.05.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wall Street Zen upgraded Hang Feng Technology Innovation to a “hold” rating in a report on Saturday, June 27th. Weiss Ratings downgraded Hang Feng Technology Innovation from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, September 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Hang Feng Technology Innovation currently has an average rating of “Sell”.

Hang Feng Technology Innovation Company Profile

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.