Faraday Future Intelligent Electric Inc. (NASDAQ:FFIEW) Short Interest Down 60.7% in June

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIEW) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totalling 32,900 shares, a decrease of 60.7% from the May 31st total of 83,700 shares. Based on an average daily trading volume, of 549,700 shares, the days-to-cover ratio is presently 0.1 days.

Faraday Future Intelligent Electric Stock Down 13.9 %

Shares of NASDAQ FFIEW traded down $0.01 during mid-day trading on Friday, hitting $0.04. 94,540 shares of the company’s stock traded hands, compared to its average volume of 339,931. Faraday Future Intelligent Electric has a 1 year low of $0.01 and a 1 year high of $0.13. The company’s 50-day moving average is $0.04 and its two-hundred day moving average is $0.02.

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.