Stock Traders Buy Large Volume of Faraday Future Intelligent Electric Call Options (NASDAQ:FFIE)

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) saw some unusual options trading activity on Wednesday. Investors purchased 156,416 call options on the stock. This is an increase of approximately 128% compared to the average volume of 68,608 call options.

Faraday Future Intelligent Electric Stock Performance

Shares of FFIE opened at $0.46 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.22 and a current ratio of 0.35. The company has a market capitalization of $201.71 million, a price-to-earnings ratio of 0.00 and a beta of 5.82. The company’s 50 day simple moving average is $0.48 and its 200 day simple moving average is $0.40. Faraday Future Intelligent Electric has a 1 year low of $0.04 and a 1 year high of $83.64.

Hedge Funds Weigh In On Faraday Future Intelligent Electric

A hedge fund recently raised its stake in Faraday Future Intelligent Electric stock. MCF Advisors LLC lifted its position in shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) by 13,329.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 503,750 shares of the company’s stock after buying an additional 499,999 shares during the period. MCF Advisors LLC owned 0.40% of Faraday Future Intelligent Electric worth $116,000 as of its most recent SEC filing. Institutional investors own 71.74% of the company’s stock.

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.