Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE - Get Free Report) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 17,290,000 shares, an increase of 57.5% from the December 15th total of 10,980,000 shares. Currently, 42.2% of the company's stock are sold short. Based on an average daily trading volume, of 15,120,000 shares, the days-to-cover ratio is currently 1.1 days.
Faraday Future Intelligent Electric Price Performance
NASDAQ:FFIE traded down $0.03 during trading hours on Friday, hitting $1.51. The stock had a trading volume of 6,235,929 shares, compared to its average volume of 26,359,979. The business has a 50 day simple moving average of $1.55 and a two-hundred day simple moving average of $5.26. Faraday Future Intelligent Electric has a 1-year low of $0.99 and a 1-year high of $156.00. The company has a quick ratio of 0.21, a current ratio of 0.32 and a debt-to-equity ratio of 0.20.
Hedge Funds Weigh In On Faraday Future Intelligent Electric
Institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its stake in shares of Faraday Future Intelligent Electric by 10.6% during the third quarter. Victory Capital Management Inc. now owns 62,638 shares of the company's stock valued at $180,000 after acquiring an additional 5,983 shares in the last quarter. Marathon Trading Investment Management LLC acquired a new position in shares of Faraday Future Intelligent Electric in the 2nd quarter valued at approximately $102,000. Finally, Wealthspire Advisors LLC acquired a new stake in shares of Faraday Future Intelligent Electric during the second quarter worth approximately $25,000. Institutional investors and hedge funds own 71.74% of the company's stock.
Faraday Future Intelligent Electric Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Faraday Future Intelligent Electric, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Faraday Future Intelligent Electric wasn't on the list.
While Faraday Future Intelligent Electric currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
