Short Interest in Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) Rises By 123.0%

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 24,130,000 shares, a growth of 123.0% from the March 31st total of 10,820,000 shares. Based on an average daily volume of 19,750,000 shares, the days-to-cover ratio is presently 1.2 days.

Faraday Future Intelligent Electric Price Performance

FFIE stock remained flat at $0.05 during mid-day trading on Friday. The company’s stock had a trading volume of 62,921,015 shares, compared to its average volume of 18,000,160. The company has a current ratio of 0.67, a quick ratio of 0.48 and a debt-to-equity ratio of 0.39. Faraday Future Intelligent Electric has a 52 week low of $0.05 and a 52 week high of $117.36. The firm has a 50-day moving average of $0.12 and a 200 day moving average of $0.99. The firm has a market capitalization of $1.99 million, a P/E ratio of 0.00 and a beta of 1.45.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Faraday Future Intelligent Electric stock. MCF Advisors LLC raised its position in Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) by 13,329.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 503,750 shares of the company’s stock after buying an additional 499,999 shares during the period. MCF Advisors LLC owned about 0.40% of Faraday Future Intelligent Electric worth $116,000 at the end of the most recent reporting period. 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.