Future FinTech Group Inc. (NASDAQ:FTFT) Sees Significant Growth in Short Interest

Future FinTech Group Inc. (NASDAQ:FTFT) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 290,400 shares, an increase of 13.1% from the August 15th total of 256,700 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average daily volume of 104,800 shares, the days-to-cover ratio is presently 2.8 days.

Future FinTech Group Trading Up 4.3 %

NASDAQ:FTFT opened at $0.32 on Wednesday. The business’s 50-day simple moving average is $0.36 and its 200-day simple moving average is $0.66. Future FinTech Group has a fifty-two week low of $0.29 and a fifty-two week high of $2.60.

Future FinTech Group (NASDAQ:FTFT) last announced its quarterly earnings results on Monday, August 19th. The company reported ($0.09) earnings per share for the quarter. Future FinTech Group had a negative net margin of 94.57% and a negative return on equity of 79.92%. The company had revenue of $4.20 million during the quarter.

About Future FinTech Group

Future FinTech Group Inc, through its subsidiaries, operates online shopping platforms in People's Republic of China. It operates in four segments: Shared Shopping Mall Membership Fee, Fruit Related Products, Sales of Goods, and Others. The company operates Chain Cloud Mall (CCM), a real-name blockchain based e-commerce platform that integrates blockchain and internet technology; and NONOGIRL, a cross-border e-commerce platform.