Futu Holdings

FUTU

Futu Holdings Limited operates as a holding company in digitized brokerage and wealth management platform in Hong Kong, China, the United States, and internationally. The largest investor of Futu as of 2019 is Tencent. Founder Leaf Li is a former employee of Tencent. The company originally traded as NASDAQ symbol FHL, but changed to FUTU. Futu, raised $90 million in an initial public offering on the Nasdaq on March 8, 2019.Moomoo Inc., a subsidiary of Futu, is a U.S.-based financial services company headquartered in Pal Alto, California that allows customers to trade stocks, ETFs, options, and foreign stocks. Trades can only occur via the company's mobile app. Moomoo, Inc was founded in March 2018. The platform was created specifically for U.S. customers.

Futu Holdings has been a target of short sellers for a while. The current short interest of 4.83% is roughly at the average of the last 12 months (4.99%).