Future Fintech Group Inc (NASDAQ:FTFT) Sees Large Drop in Short Interest

Future Fintech Group Inc (NASDAQ:FTFT) saw a significant decline in short interest in November. As of November 29th, there was short interest totalling 210,800 shares, a decline of 6.9% from the November 14th total of 226,400 shares. Based on an average daily trading volume, of 355,300 shares, the short-interest ratio is currently 0.6 days. Currently, 3.0% of the shares of the stock are short sold.

Shares of NASDAQ:FTFT traded up $0.01 during mid-day trading on Friday, reaching $0.48. The stock had a trading volume of 1,002,481 shares, compared to its average volume of 188,449. Future Fintech Group has a 1 year low of $0.46 and a 1 year high of $2.85. The business’s 50 day moving average price is $0.59 and its 200 day moving average price is $0.92.

An institutional investor recently bought a new position in Future Fintech Group stock. Wedbush Securities Inc. acquired a new position in shares of Future Fintech Group Inc (NASDAQ:FTFT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 42,636 shares of the company’s stock, valued at approximately $35,000. Wedbush Securities Inc. owned about 0.13% of Future Fintech Group at the end of the most recent reporting period. Institutional investors own 0.58% of the company’s stock.

Future Fintech Group Company Profile

Future FinTech Group Inc, through its subsidiaries, produces and sells fruit juice concentrates, fruit beverages, and other fruit-related products in the People’s Republic of China. It offers fruit juice concentrates, including fruit purees, concentrated fruit purees, and concentrated fruit juices; fruit beverages, such as fruit juice and fruit cider beverages; and other fruit-related products comprising organic and non-organic fresh fruits, dried fruits, preserved fruits, and fructose.

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