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

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 7,400,000 shares, a growth of 53.5% from the October 31st total of 4,820,000 shares. Based on an average daily volume of 8,040,000 shares, the days-to-cover ratio is currently 0.9 days. Approximately 17.9% of the shares of the stock are short sold.

Hedge Funds Weigh In On Faraday Future Intelligent Electric

A number of hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in Faraday Future Intelligent Electric during the second quarter worth approximately $420,000. Busey Bank purchased a new position in Faraday Future Intelligent Electric during the second quarter worth approximately $252,000. Marathon Trading Investment Management LLC purchased a new position in shares of Faraday Future Intelligent Electric in the second quarter valued at approximately $102,000. Victory Capital Management Inc. lifted its position in shares of Faraday Future Intelligent Electric by 10.6% in the third quarter. Victory Capital Management Inc. now owns 62,638 shares of the company’s stock valued at $180,000 after acquiring an additional 5,983 shares in the last quarter. Finally, Wealthspire Advisors LLC purchased a new position in shares of Faraday Future Intelligent Electric in the second quarter valued at approximately $25,000. Hedge funds and other institutional investors own 71.74% of the company’s stock.

Faraday Future Intelligent Electric Price Performance

FFIE stock traded down $0.13 during mid-day trading on Friday, reaching $1.10. 9,111,227 shares of the company’s stock were exchanged, compared to its average volume of 5,288,905. The stock’s 50 day moving average is $2.11 and its 200 day moving average is $11.61. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.21 and a current ratio of 0.32. Faraday Future Intelligent Electric has a 12-month low of $0.99 and a 12-month high of $156.00.

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.