Farmmi, Inc. (NASDAQ:FAMI) Short Interest Update

Farmmi, Inc. (NASDAQ:FAMI) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 224,350 shares, a growth of 160.4% from the July 15th total of 86,162 shares. Based on an average daily volume of 615,438 shares, the short-interest ratio is presently 0.4 days. Approximately 1.6% of the shares of the stock are sold short.

Farmmi Stock Down 3.5%

Shares of FAMI traded down $0.00 during trading hours on Friday, reaching $0.13. 9,774,045 shares of the company traded hands, compared to its average volume of 3,403,400. Farmmi has a fifty-two week low of $0.12 and a fifty-two week high of $2.05. The stock has a fifty day simple moving average of $0.48 and a 200 day simple moving average of $1.01.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Farmmi from a “sell (e+)” rating to a “sell (e)” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Farmmi has a consensus rating of “Sell”.

About Farmmi

Farmmi, Inc is a China-based agricultural company primarily engaged in the cultivation, processing and sale of edible fungi. The company’s product portfolio spans fresh and dried mushrooms—including shiitake, oyster and wood ear varieties—along with a range of value-added plant-based foods such as vermicelli and other specialty grain products. Farmmi operates integrated facilities that cover seedling cultivation, mushroom production and downstream processing, allowing for quality control and traceability throughout its supply chain.

Headquartered in Lishui, Zhejiang Province, Farmmi has developed a network of farms, processing plants and sales offices across multiple provinces in the People’s Republic of China.