Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) Short Interest Update

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 3,760,000 shares, an increase of 168.6% from the August 15th total of 1,400,000 shares. Based on an average daily trading volume, of 8,280,000 shares, the short-interest ratio is presently 0.5 days. Approximately 30.4% of the shares of the stock are short sold.

Faraday Future Intelligent Electric Price Performance

Shares of FFIE stock traded down $0.05 during trading hours on Friday, hitting $3.99. 4,026,180 shares of the company’s stock were exchanged, compared to its average volume of 4,759,901. The company has a market capitalization of $49.40 million, a PE ratio of -0.03 and a beta of 5.65. The company has a current ratio of 0.26, a quick ratio of 0.15 and a debt-to-equity ratio of 0.18. Faraday Future Intelligent Electric has a 12-month low of $1.52 and a 12-month high of $693.60. The business’s 50 day simple moving average is $9.89 and its 200-day simple moving average is $12.22.

Faraday Future Intelligent Electric (NASDAQ:FFIE) last issued its earnings results on Wednesday, August 14th. The company reported ($5.20) EPS for the quarter. Faraday Future Intelligent Electric had a negative return on equity of 117.46% and a negative net margin of 29,540.78%. The business had revenue of $0.29 million during the quarter.

Institutional Trading of Faraday Future Intelligent Electric

Several hedge funds and other institutional investors have recently bought and sold shares of FFIE. SG Americas Securities LLC purchased a new stake in shares of Faraday Future Intelligent Electric during the second quarter worth about $420,000. Busey Bank bought a new position in Faraday Future Intelligent Electric during the 2nd quarter valued at approximately $252,000. Marathon Trading Investment Management LLC purchased a new stake in Faraday Future Intelligent Electric in the 2nd quarter worth approximately $102,000. Victory Capital Management Inc. bought a new stake in shares of Faraday Future Intelligent Electric in the 2nd quarter worth approximately $29,000. Finally, Wealthspire Advisors LLC purchased a new position in shares of Faraday Future Intelligent Electric during the second quarter valued at approximately $25,000. 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.