FRMO Co. (OTCMKTS:FRMO – Get Free Report) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 300 shares, a drop of 43.6% from the July 30th total of 532 shares. Based on an average daily volume of 16,206 shares, the short-interest ratio is presently 0.0 days.
FRMO Price Performance
Shares of FRMO stock traded down $0.16 on Friday, hitting $7.31. 2,300 shares of the company’s stock were exchanged, compared to its average volume of 13,268. FRMO has a 12 month low of $6.21 and a 12 month high of $9.10. The company has a 50 day moving average of $7.07 and a 200 day moving average of $7.20.
FRMO Company Profile
FRMO Corporation (OTCMKTS:FRMO) is a diversified holding company based in Bloomfield Hills, Michigan. The company seeks long-term capital appreciation by acquiring, incubating and supporting a range of businesses and investments across public equities, private ventures, commercial real estate and special situations. With a flexible investment mandate, FRMO allocates capital to sectors and asset classes it considers undervalued or poised for future growth.
Through its wholly owned subsidiaries and strategic partnerships, FRMO’s portfolio spans multiple industries, including software and technology services, digital media, consumer products and real estate development.
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