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

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

Institutional Investors Weigh In On Faraday Future Intelligent Electric

A number of hedge funds and other institutional investors have recently bought and sold shares of FFIE. Two Sigma Investments LP purchased a new stake in Faraday Future Intelligent Electric during the 4th quarter worth about $34,000. Diametric Capital LP bought a new stake in shares of Faraday Future Intelligent Electric during the fourth quarter valued at about $78,000. Boothbay Fund Management LLC purchased a new stake in shares of Faraday Future Intelligent Electric in the fourth quarter worth about $146,000. Millennium Management LLC bought a new position in shares of Faraday Future Intelligent Electric in the fourth quarter valued at approximately $162,000. Finally, Victory Capital Management Inc. grew its stake in 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. Institutional investors own 71.74% of the company’s stock.

Faraday Future Intelligent Electric Price Performance

NASDAQ FFIE opened at $1.31 on Wednesday. The company has a quick ratio of 0.21, a current ratio of 0.32 and a debt-to-equity ratio of 0.20. The firm’s 50-day simple moving average is $1.66 and its two-hundred day simple moving average is $2.30. Faraday Future Intelligent Electric has a 52 week low of $0.99 and a 52 week high of $156.00.

About Faraday Future Intelligent Electric

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.