Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) Sees Large Growth in Short Interest

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totalling 4,720,000 shares, a growth of 8.0% from the September 30th total of 4,370,000 shares. Currently, 41.9% of the company’s stock are sold short. Based on an average trading volume of 10,110,000 shares, the short-interest ratio is presently 0.5 days.

Faraday Future Intelligent Electric Trading Up 1.0 %

NASDAQ FFIE opened at $2.07 on Friday. The stock’s 50 day moving average price is $3.46 and its two-hundred day moving average price is $11.67. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.15 and a current ratio of 0.26. Faraday Future Intelligent Electric has a 52 week low of $1.52 and a 52 week high of $156.00.

Faraday Future Intelligent Electric (NASDAQ:FFIE) last released its earnings results on Wednesday, August 14th. The company reported ($5.20) EPS for the quarter. The firm had revenue of $0.29 million during the quarter. Faraday Future Intelligent Electric had a negative net margin of 29,540.78% and a negative return on equity of 117.46%.

Institutional Investors Weigh In On Faraday Future Intelligent Electric

Several institutional investors have recently bought and sold shares of FFIE. Wealthspire Advisors LLC bought a new stake in shares of Faraday Future Intelligent Electric during the 2nd quarter worth approximately $25,000. Victory Capital Management Inc. bought a new stake in shares of Faraday Future Intelligent Electric during the 2nd quarter worth approximately $29,000. Marathon Trading Investment Management LLC bought a new stake in shares of Faraday Future Intelligent Electric during the 2nd quarter worth approximately $102,000. Busey Bank bought a new stake in shares of Faraday Future Intelligent Electric during the 2nd quarter worth approximately $252,000. Finally, SG Americas Securities LLC bought a new stake in Faraday Future Intelligent Electric in the 2nd quarter valued at $420,000. Institutional investors own 71.74% of the company’s stock.

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.