Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE – Get Free Report) was the target of a large increase in short interest in 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. Based on an average daily volume of 15,120,000 shares, the days-to-cover ratio is currently 1.1 days. Currently, 42.2% of the company’s stock are sold short.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the company. Victory Capital Management Inc. raised its position in shares of Faraday Future Intelligent Electric by 10.6% during the 3rd 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 Faraday Future Intelligent Electric in the second quarter worth $102,000. Finally, Wealthspire Advisors LLC bought a new stake in Faraday Future Intelligent Electric during the second quarter valued at $25,000. Institutional investors own 71.74% of the company’s stock.
Faraday Future Intelligent Electric Trading Down 1.6 %
Shares of FFIE stock traded down $0.03 during trading hours on Friday, hitting $1.51. 6,235,929 shares of the company were exchanged, compared to its average volume of 26,359,979. Faraday Future Intelligent Electric has a one year low of $0.99 and a one year high of $156.00. The business’s 50-day simple moving average is $1.55 and its two-hundred day simple moving average is $5.26. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.21 and a current ratio of 0.32.
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.
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