Short Interest in Future FinTech Group Inc. (NASDAQ:FTFT) Increases By 7.8%

Future FinTech Group Inc. (NASDAQ:FTFT) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 267,600 shares, a growth of 7.8% from the September 15th total of 248,300 shares. Based on an average daily trading volume, of 114,900 shares, the short-interest ratio is presently 2.3 days. Approximately 1.7% of the company’s stock are short sold.

Future FinTech Group Stock Performance

FTFT stock opened at $0.33 on Wednesday. Future FinTech Group has a 1 year low of $0.29 and a 1 year high of $2.60. The stock has a 50-day simple moving average of $0.33 and a 200-day simple moving average of $0.56.

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

Future FinTech Group Company Profile

Future FinTech Group Inc, through its subsidiaries, operates online shopping platforms in People’s Republic of China. It operates in three segments: Supply Chain Financing Service and Trading Business, Asset Management Service, and Others. The company offers cross-border money transfer service, brokerage and investment banking, and cryptocurrency mining farm business.