Fuwei Films (Holdings) Co., Ltd (NASDAQ:FFHL) Sees Significant Drop in Short Interest

Fuwei Films (Holdings) Co., Ltd (NASDAQ:FFHL) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 37,900 shares, a decrease of 13.3% from the July 31st total of 43,700 shares. Based on an average daily volume of 441,000 shares, the short-interest ratio is presently 0.1 days. Currently, 3.4% of the shares of the company are sold short.

Fuwei Films stock traded up $0.07 during mid-day trading on Thursday, hitting $3.19. The company had a trading volume of 1,100 shares, compared to its average volume of 215,414. Fuwei Films has a 12-month low of $1.70 and a 12-month high of $7.37. The company’s fifty day moving average is $2.73 and its 200-day moving average is $2.39.

Fuwei Films (NASDAQ:FFHL) last released its quarterly earnings data on Thursday, August 22nd. The industrial products company reported $0.04 EPS for the quarter. The business had revenue of $12.84 million for the quarter. Fuwei Films had a negative return on equity of 3.94% and a negative net margin of 2.24%.

Fuwei Films Company Profile

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.

Further Reading: What Does a Sell-Side Analyst Rating Mean?

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