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

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIEW) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 50,100 shares, an increase of 153.0% from the December 31st total of 19,800 shares. Based on an average daily trading volume, of 243,500 shares, the days-to-cover ratio is currently 0.2 days.

Faraday Future Intelligent Electric Trading Up 9.4 %

Shares of NASDAQ FFIEW traded up $0.00 during mid-day trading on Wednesday, reaching $0.04. The company had a trading volume of 269,559 shares, compared to its average volume of 318,148. 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 $0.04 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.