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

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

Future FinTech Group Stock Down 4.5 %

Shares of NASDAQ:FTFT traded down $0.02 during mid-day trading on Thursday, hitting $0.33. 39,141 shares of the company traded hands, compared to its average volume of 102,467. Future FinTech Group has a 12-month low of $0.29 and a 12-month high of $2.60. The stock has a 50-day moving average price of $0.33 and a two-hundred day moving average price of $0.56.

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

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.