These 4 Stocks Are Strong Gainers On Friday

e-Future Information Technology Inc. (NASDAQ:EFUT) has jumped by over 101% today after a schedule 13D filing disclosed that each of Shiji (Hong Kong) Ltd., Beijing Shiji Information Technology Co. Ltd , and Zhongchu Li beneficially own 2.45 million shares, or 50.51% of e-Future.

A single hedge funds was invested in this stock as well, holding a 0.50% stake in e-Future Information Technology Inc.’s (NASDAQ:EFUT) outstanding stock, and that fund was again Renaissance Technologies, which is enjoying big gains from several of its under-the-radar stock picks today.

Lastly, MagneGas Corp. (NASDAQ:MNGA) is up by 6.82% in today’s trading session. Most recently, MagneGas Corp. (NASDAQ:MNGA) signed an agreement to manufacture and sell a 100-kW Plasma-Arc Gasification system to Green Arc Supply LLC, its first equipment sale in the United States. Under the terms, MagneGas will get royalty payments of approximately 6% of gross sales.

“We are excited to be joining forces with Green Arc Supply to expand MagneGas availability into the South. We are executing on our plan to expand fuel sales nationally with this, the first equipment sale in Company history in the United States. We believe this agreement serves as a turning point for the Company strategy as we begin our rapid expansion plans,” MagneGas CEO Ermanno Santilli said.

No investors in our database were long MagneGas on September 30.

Disclosure: None