Stock Traders Buy Large Volume of Faraday Future Intelligent Electric Call Options (NASDAQ:FFIE)

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) saw unusually large options trading on Wednesday. Stock traders purchased 156,416 call options on the stock. This is an increase of 128% compared to the average volume of 68,608 call options.

Faraday Future Intelligent Electric Price Performance

Shares of FFIE stock opened at $0.60 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.35 and a debt-to-equity ratio of 0.11. Faraday Future Intelligent Electric has a twelve month low of $0.04 and a twelve month high of $83.64. The company has a market cap of $263.96 million, a P/E ratio of 0.00 and a beta of 5.82. The business has a fifty day simple moving average of $0.49 and a 200 day simple moving average of $0.40.

Hedge Funds Weigh In On Faraday Future Intelligent Electric

An institutional investor recently raised its position in Faraday Future Intelligent Electric stock. MCF Advisors LLC lifted its stake in shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) by 13,329.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 503,750 shares of the company’s stock after acquiring an additional 499,999 shares during the quarter. MCF Advisors LLC owned approximately 0.40% of Faraday Future Intelligent Electric worth $116,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 71.74% of the company’s stock.

About Faraday Future Intelligent Electric

Faraday Future Intelligent Electric Inc engages in the design, development, manufacture, engineering, sale, and distribution of electric vehicles and related products in the United States. The company was incorporated in 2014 and is headquartered in Los Angeles, California.