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

Future FinTech Group Inc. (NASDAQ:FTFT) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 84,700 shares, a decline of 93.3% from the March 15th total of 1,270,000 shares. Approximately 2.8% of the shares of the company are sold short. Based on an average daily volume of 404,100 shares, the days-to-cover ratio is presently 0.2 days.

Future FinTech Group Stock Performance

Shares of FTFT traded up $0.10 on Monday, reaching $1.42. The company’s stock had a trading volume of 82,046 shares, compared to its average volume of 378,691. Future FinTech Group has a 12-month low of $1.15 and a 12-month high of $9.30. The stock’s 50 day simple moving average is $2.01 and its two-hundred day simple moving average is $2.89.

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.