Farmmi, Inc. (NASDAQ:FAMI) Sees Large Decline in Short Interest

Farmmi, Inc. (NASDAQ:FAMI) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 410,600 shares, a drop of 14.4% from the December 15th total of 479,500 shares. Based on an average trading volume of 1,670,000 shares, the short-interest ratio is currently 0.2 days. Currently, 3.9% of the shares of the company are sold short.

Farmmi Stock Performance

FAMI traded down $0.01 on Friday, reaching $0.30. 1,378,740 shares of the stock were exchanged, compared to its average volume of 511,443. The company’s 50-day moving average price is $0.30 and its 200 day moving average price is $0.36. Farmmi has a fifty-two week low of $0.17 and a fifty-two week high of $2.35.

Farmmi Company Profile

Farmmi, Inc, through its subsidiaries, engages in processing and sale of agricultural products in China, the United States, Japan, Canada, Europe, Korea, and the Middle East. The company offers Shiitake mushrooms, Mu Er mushrooms, and other edible fungi, such as bamboo fungi, agrocybe aegerila, pleurotus eryngii, grifola frondose, coprinus comatus, and hericium erinaceus, as well as dried edible fungi.