Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) Short Interest Up 123.0% in April

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) saw a large growth in short interest during 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.

Hedge Funds Weigh In On Faraday Future Intelligent Electric

A hedge fund recently raised its stake in Faraday Future Intelligent Electric stock. MCF Advisors LLC increased its stake in Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) by 13,329.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 503,750 shares of the company’s stock after acquiring an additional 499,999 shares during the period. MCF Advisors LLC owned approximately 0.40% of Faraday Future Intelligent Electric worth $116,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 71.74% of the company’s stock.

Faraday Future Intelligent Electric Stock Performance

Shares of Faraday Future Intelligent Electric stock remained flat at $0.05 during trading hours on Friday. The company’s stock had a trading volume of 62,921,015 shares, compared to its average volume of 18,000,160. Faraday Future Intelligent Electric has a one year low of $0.05 and a one year high of $117.36. The company’s 50-day moving average is $0.12 and its two-hundred day moving average is $0.99. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.67 and a quick ratio of 0.48. The company has a market capitalization of $1.99 million, a price-to-earnings ratio of 0.00 and a beta of 1.45.

Faraday Future Intelligent Electric Company Profile

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.