Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE – Get Rating) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 134,150,000 shares, a growth of 16.1% from the February 28th total of 115,590,000 shares. Currently, 28.9% of the company's shares are sold short. Based on an average trading volume of 53,060,000 shares, the days-to-cover ratio is currently 2.5 days.
Faraday Future Intelligent Electric Trading Up 0.9 %
NASDAQ:FFIE traded up $0.00 on Friday, hitting $0.35. 44,865,809 shares of the stock were exchanged, compared to its average volume of 57,944,512. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.18. Faraday Future Intelligent Electric has a fifty-two week low of $0.25 and a fifty-two week high of $7.85. The stock has a market cap of $268.04 million, a PE ratio of -0.23 and a beta of 2.09. The stock has a fifty day moving average of $0.61 and a 200-day moving average of $0.55.
Get Faraday Future Intelligent Electric alerts:Institutional Investors Weigh In On Faraday Future Intelligent Electric
A number of large investors have recently modified their holdings of FFIE. Deutsche Bank AG grew its stake in Faraday Future Intelligent Electric by 117.1% during the 4th quarter. Deutsche Bank AG now owns 91,021 shares of the company's stock valued at $26,000 after purchasing an additional 49,090 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in Faraday Future Intelligent Electric during the 2nd quarter valued at approximately $27,000. American International Group Inc. grew its stake in Faraday Future Intelligent Electric by 108.1% during the 4th quarter. American International Group Inc. now owns 98,132 shares of the company's stock valued at $28,000 after purchasing an additional 50,979 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Faraday Future Intelligent Electric by 688.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 50,703 shares of the company's stock valued at $32,000 after purchasing an additional 44,276 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in Faraday Future Intelligent Electric during the 2nd quarter valued at approximately $44,000.
About Faraday Future Intelligent Electric
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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 and internationally. The company was incorporated in 2014 and is headquartered in Gardena, California.
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