Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE - Get Free Report)'s share price traded up 16% during trading on Monday . The company traded as high as $1.90 and last traded at $1.89. 12,169,678 shares changed hands during mid-day trading, an increase of 7% from the average session volume of 11,412,048 shares. The stock had previously closed at $1.63.
Faraday Future Intelligent Electric Trading Down 7.8%
The stock has a 50 day moving average of $1.38 and a 200 day moving average of $1.41. The company has a quick ratio of 0.21, a current ratio of 0.32 and a debt-to-equity ratio of 0.20.
Hedge Funds Weigh In On Faraday Future Intelligent Electric
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in shares of Faraday Future Intelligent Electric by 248.6% in the fourth quarter. Geode Capital Management LLC now owns 439,595 shares of the company's stock worth $1,068,000 after acquiring an additional 313,494 shares during the period. Northern Trust Corp increased its holdings in Faraday Future Intelligent Electric by 775.3% in the fourth quarter. Northern Trust Corp now owns 108,318 shares of the company's stock worth $263,000 after purchasing an additional 95,943 shares in the last quarter. Millennium Management LLC bought a new stake in Faraday Future Intelligent Electric in the fourth quarter worth approximately $162,000. Two Sigma Investments LP bought a new stake in Faraday Future Intelligent Electric in the fourth quarter worth approximately $34,000. Finally, Diametric Capital LP bought a new stake in Faraday Future Intelligent Electric in the fourth quarter worth approximately $78,000. 71.74% of the stock is owned by institutional investors and hedge funds.
About Faraday Future Intelligent Electric
(
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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.
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