Faraday Future Intelligent Electric Inc. (NASDAQ:FFIEW) Sees Significant Decline in Short Interest

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIEW) was the target of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 24,400 shares, a drop of 18.7% from the January 31st total of 30,000 shares. Based on an average daily trading volume, of 283,500 shares, the days-to-cover ratio is currently 0.1 days.

Faraday Future Intelligent Electric Stock Performance

Faraday Future Intelligent Electric stock opened at $0.04 on Tuesday. Faraday Future Intelligent Electric has a twelve month low of $0.01 and a twelve month high of $0.13. The stock’s 50 day moving average is $0.05 and its 200 day moving average is $0.03.

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.