Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) Short Interest Down 6.1% in September

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 3,530,000 shares, a decrease of 6.1% from the August 31st total of 3,760,000 shares. Currently, 28.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,680,000 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Faraday Future Intelligent Electric

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

Faraday Future Intelligent Electric Trading Down 2.8 %

Shares of FFIE stock opened at $2.79 on Wednesday. The stock has a fifty day simple moving average of $6.58 and a two-hundred day simple moving average of $12.03. Faraday Future Intelligent Electric has a 52-week low of $1.52 and a 52-week high of $210.00. The firm has a market capitalization of $1.23 billion, a PE ratio of -0.02 and a beta of 5.65. 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 (NASDAQ:FFIE) last released its earnings results on Wednesday, August 14th. The company reported ($5.20) earnings per share (EPS) for the quarter. Faraday Future Intelligent Electric had a negative return on equity of 117.46% and a negative net margin of 29,540.78%. The business had revenue of $0.29 million for the quarter.

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.