Fuwei Films (Holdings) Co., Ltd (NASDAQ:FFHL) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 41,800 shares, an increase of 27.1% from the May 30th total of 32,900 shares. Approximately 3.7% of the shares of the company are sold short. Based on an average daily volume of 22,900 shares, the short-interest ratio is presently 1.8 days.
FFHL stock remained flat at $$1.92 during trading on Friday. 1,105 shares of the company’s stock traded hands, compared to its average volume of 12,716. Fuwei Films has a 12-month low of $1.70 and a 12-month high of $4.65. The company has a 50 day simple moving average of $2.07.
Fuwei Films (NASDAQ:FFHL) last released its earnings results on Monday, April 29th. The industrial products company reported ($0.15) earnings per share for the quarter. Fuwei Films had a negative net margin of 5.18% and a negative return on equity of 8.81%. The business had revenue of $13.07 million for the quarter.
Fuwei Films (Holdings) Co, Ltd., through its subsidiaries, develops, manufactures, and distributes plastic films in the People's Republic of China. The company offers printing base films for use in printing and lamination; stamping foil base films and transfer base films for packaging of luxury items, including cigarettes and alcohol; metallized films or aluminum plating base films for use in vacuum aluminum plating for flexible plastic lamination; high-gloss films for aesthetically enhanced packaging purposes; heat-sealable films for construction, printing, and making heat sealable bags; and laser holographic base films used as anti-counterfeit films for food, medicine, cosmetics, cigarettes, and alcohol packaging.
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