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

Fuwei Films (Holdings) Co., Ltd (NASDAQ:FFHL) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 7,800 shares, a drop of 94.0% from the June 30th total of 130,200 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 661,100 shares, the days-to-cover ratio is currently 0.0 days.

An institutional investor recently raised its position in Fuwei Films stock. Renaissance Technologies LLC grew its stake in Fuwei Films (Holdings) Co., Ltd (NASDAQ:FFHL) by 16.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 209,687 shares of the industrial products company’s stock after purchasing an additional 29,975 shares during the quarter. Renaissance Technologies LLC owned approximately 6.42% of Fuwei Films worth $591,000 as of its most recent SEC filing. Institutional investors own 5.92% of the company’s stock.

FFHL stock opened at $5.08 on Friday. The firm has a market cap of $16.59 million, a PE ratio of 4.20 and a beta of 0.72. The firm’s fifty day moving average is $5.12 and its 200 day moving average is $3.13. Fuwei Films has a one year low of $1.56 and a one year high of $10.49.

Fuwei Films (NASDAQ:FFHL) last released its quarterly earnings results on Monday, June 22nd. The industrial products company reported $0.56 EPS for the quarter. The company had revenue of $11.76 million for the quarter. Fuwei Films had a net margin of 8.17% and a return on equity of 13.45%.

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.

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