Short Interest in Faraday Future Intelligent Electric Inc. (NASDAQ:FFIEW) Drops By 63.3%

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIEW) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 4,700 shares, a decline of 63.3% from the February 29th total of 12,800 shares. Based on an average trading volume of 106,700 shares, the days-to-cover ratio is presently 0.0 days.

Faraday Future Intelligent Electric Stock Performance

FFIEW remained flat at $0.01 during midday trading on Thursday. 18,420 shares of the company’s stock traded hands, compared to its average volume of 99,327. The stock’s 50 day simple moving average is $0.01 and its 200 day simple moving average is $0.02. Faraday Future Intelligent Electric has a 12-month low of $0.01 and a 12-month high of $0.12.

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.