Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) Sees Significant Growth in Short Interest

Hang Feng Technology Innovation Co., Ltd. (NASDAQ:FOFO) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 37,492 shares, an increase of 5,632.7% from the September 15th total of 654 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 751,696 shares, the short-interest ratio is currently 0.0 days.

Hang Feng Technology Innovation Trading Down 3.7%

Shares of NASDAQ:FOFO opened at $1.96 on Friday. The firm’s 50 day moving average price is $2.26 and its 200-day moving average price is $2.89. Hang Feng Technology Innovation has a twelve month low of $1.70 and a twelve month high of $21.82.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Weiss Ratings cut Hang Feng Technology Innovation from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, September 22nd. Wall Street Zen upgraded shares of Hang Feng Technology Innovation to a “hold” rating in a research note on Saturday, June 27th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently 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.