Faraday Future Intelligent Electric (NASDAQ:FFIE) Trading 20.9% Higher

Shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) were up 20.9% during mid-day trading on Thursday . The stock traded as high as $0.69 and last traded at $0.55. Approximately 304,103,094 shares changed hands during trading, an increase of 174% from the average daily volume of 110,945,039 shares. The stock had previously closed at $0.46.

Faraday Future Intelligent Electric Stock Performance

The company has a current ratio of 0.35, a quick ratio of 0.22 and a debt-to-equity ratio of 0.11. The stock has a 50-day moving average price of $0.50 and a 200 day moving average price of $0.40.

Institutional Investors Weigh In On Faraday Future Intelligent Electric

An institutional investor recently raised its position in Faraday Future Intelligent Electric stock. MCF Advisors LLC raised its holdings in Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) by 13,329.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 503,750 shares of the company’s stock after purchasing an additional 499,999 shares during the quarter. MCF Advisors LLC owned about 0.40% of Faraday Future Intelligent Electric worth $116,000 as of its most recent filing with the SEC. 71.74% of the stock is owned by institutional investors.

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.