Short Interest in Future FinTech Group Inc. (NASDAQ:FTFT) Expands By 11.2%

Future FinTech Group Inc. (NASDAQ:FTFT) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 359,400 shares, an increase of 11.2% from the March 15th total of 323,200 shares. Approximately 3.3% of the company’s stock are sold short. Based on an average daily trading volume, of 129,300 shares, the days-to-cover ratio is presently 2.8 days.

Future FinTech Group Trading Up 3.9 %

Future FinTech Group stock traded up $0.03 during mid-day trading on Tuesday, hitting $0.87. 20,822 shares of the company’s stock traded hands, compared to its average volume of 125,977. The firm has a 50 day simple moving average of $1.05 and a two-hundred day simple moving average of $1.03. Future FinTech Group has a fifty-two week low of $0.68 and a fifty-two week high of $2.60.

Institutional Investors Weigh In On Future FinTech Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its position in Future FinTech Group by 32.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 823,153 shares of the company’s stock valued at $624,000 after acquiring an additional 201,095 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Future FinTech Group by 6,754.4% in the first quarter. JPMorgan Chase & Co. now owns 89,382 shares of the company’s stock worth $68,000 after acquiring an additional 88,078 shares during the period. Finally, State Street Corp lifted its stake in shares of Future FinTech Group by 86.2% in the first quarter. State Street Corp now owns 73,367 shares of the company’s stock worth $56,000 after acquiring an additional 33,974 shares during the period. Institutional investors and hedge funds own 0.19% of the company’s stock.

About Future FinTech Group

Future FinTech Group Inc, through its subsidiaries, operates online shopping platforms in People's Republic of China. It operates in four segments: Shared Shopping Mall Membership Fee, Fruit Related Products, Sales of Goods, and Others. The company operates Chain Cloud Mall (CCM), a real-name blockchain based e-commerce platform that integrates blockchain and internet technology; and NONOGIRL, a cross-border e-commerce platform.