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

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 24,130,000 shares, a growth of 123.0% from the March 31st total of 10,820,000 shares. Based on an average trading volume of 19,750,000 shares, the short-interest ratio is currently 1.2 days.

Institutional Trading of Faraday Future Intelligent Electric

A hedge fund recently raised its stake in Faraday Future Intelligent Electric stock. MCF Advisors LLC raised its holdings in shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) by 13,329.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 503,750 shares of the company’s stock after acquiring an additional 499,999 shares during the quarter. MCF Advisors LLC owned approximately 0.40% of Faraday Future Intelligent Electric worth $116,000 at the end of the most recent reporting period. 71.74% of the stock is currently owned by hedge funds and other institutional investors.

Faraday Future Intelligent Electric Stock Performance

Shares of NASDAQ:FFIE remained flat at $0.05 during mid-day trading on Friday. 67,527,498 shares of the company were exchanged, compared to its average volume of 31,211,808. The company has a market cap of $1.99 million, a price-to-earnings ratio of 0.00 and a beta of 1.45. The stock has a fifty day moving average of $0.12 and a 200 day moving average of $0.97. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.48 and a current ratio of 0.67. Faraday Future Intelligent Electric has a 1-year low of $0.05 and a 1-year high of $117.36.

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.