Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) Short Interest Up 913.8% in April

Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 20,194 shares, an increase of 913.8% from the April 15th total of 1,992 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 79,718 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings started coverage on Hang Feng Technology Innovation in a research report on Wednesday, January 14th. They issued a “sell (e-)” rating for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Hang Feng Technology Innovation Trading Down 3.6%

FOFO opened at $2.43 on Tuesday. Hang Feng Technology Innovation has a 12 month low of $2.34 and a 12 month high of $68.00. The company has a quick ratio of 32.94, a current ratio of 32.94 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average of $3.99.

Hang Feng Technology Innovation (NASDAQ:FOFO) last released its quarterly earnings results on Thursday, April 16th. The company reported ($0.86) EPS for the quarter. The company had revenue of $0.50 million during 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.