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

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totalling 27,840,000 shares, a decline of 7.2% from the May 31st total of 30,000,000 shares. Based on an average daily trading volume, of 194,270,000 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Faraday Future Intelligent Electric stock. MCF Advisors LLC lifted its stake in shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) by 13,329.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 503,750 shares of the company’s stock after purchasing an additional 499,999 shares during the quarter. 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 Stock Performance

FFIE stock traded down $0.01 on Wednesday, reaching $0.42. The company’s stock had a trading volume of 54,487,067 shares, compared to its average volume of 112,943,656. Faraday Future Intelligent Electric has a 52 week low of $0.04 and a 52 week high of $83.64. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.35 and a quick ratio of 0.22. The company has a market capitalization of $186.53 million, a P/E ratio of 0.00 and a beta of 5.74. The firm has a fifty day moving average of $0.52 and a two-hundred day moving average of $0.39.

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.