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

Farmmi, Inc. (NASDAQ:FAMI) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 647,200 shares, a growth of 1,861.2% from the August 15th total of 33,000 shares. Approximately 6.1% of the shares of the company are short sold. Based on an average daily volume of 702,800 shares, the short-interest ratio is presently 0.9 days.

Farmmi Stock Performance

NASDAQ FAMI traded down $0.02 during trading hours on Thursday, reaching $0.22. The company’s stock had a trading volume of 376,086 shares, compared to its average volume of 408,753. The business has a 50-day simple moving average of $0.47 and a 200 day simple moving average of $0.71. Farmmi has a 52 week low of $0.17 and a 52 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.