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

Future FinTech Group Inc. (NASDAQ:FTFT) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,270,000 shares, an increase of 329.8% from the February 28th total of 295,500 shares. Currently, 8.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,970,000 shares, the short-interest ratio is presently 0.3 days.

Future FinTech Group Price Performance

Future FinTech Group stock traded down $0.02 during mid-day trading on Friday, reaching $0.17. 411,284 shares of the company were exchanged, compared to its average volume of 4,295,542. The company has a fifty day simple moving average of $0.24 and a 200-day simple moving average of $0.31. Future FinTech Group has a 12 month low of $0.17 and a 12 month high of $1.02.

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.