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

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE - Get Free Report) was the recipient of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 15,730,000 shares, a decrease of 13.9% from the January 31st total of 18,280,000 shares. Based on an average daily volume of 16,700,000 shares, the short-interest ratio is currently 0.9 days. Approximately 22.9% of the shares of the company are sold short.

Faraday Future Intelligent Electric Trading Up 8.3 %

Shares of FFIE stock traded up $0.11 during mid-day trading on Monday, reaching $1.43. 3,964,407 shares of the company's stock traded hands, compared to its average volume of 9,066,090. Faraday Future Intelligent Electric has a 12 month low of $0.99 and a 12 month high of $156.00. The firm has a 50 day moving average price of $1.66 and a two-hundred day moving average price of $2.25. The company has a current ratio of 0.32, a quick ratio of 0.21 and a debt-to-equity ratio of 0.20.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FFIE. Two Sigma Investments LP bought a new stake in shares of Faraday Future Intelligent Electric in the fourth quarter worth about $34,000. Millennium Management LLC bought a new stake in Faraday Future Intelligent Electric in the 4th quarter worth approximately $162,000. Northern Trust Corp increased its stake in Faraday Future Intelligent Electric by 775.3% in the 4th quarter. Northern Trust Corp now owns 108,318 shares of the company's stock worth $263,000 after acquiring an additional 95,943 shares during the last quarter. Boothbay Fund Management LLC purchased a new stake in shares of Faraday Future Intelligent Electric during the 4th quarter worth approximately $146,000. Finally, Geode Capital Management LLC boosted its position in shares of Faraday Future Intelligent Electric by 248.6% during the 4th quarter. Geode Capital Management LLC now owns 439,595 shares of the company's stock valued at $1,068,000 after acquiring an additional 313,494 shares during the last quarter. 71.74% of the stock is owned by hedge funds and other institutional investors.

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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.