Farmmi, Inc. (NASDAQ:FAMI) Sees Significant Decrease in Short Interest

Farmmi, Inc. (NASDAQ:FAMI) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 971,058 shares, a drop of 58.7% from the September 15th total of 2,352,264 shares. Based on an average daily volume of 23,962,204 shares, the days-to-cover ratio is presently 0.0 days. Currently, 3.2% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Farmmi from a “sell (e+)” rating to a “sell (e)” rating in a research report on Friday. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Farmmi Stock Performance

NASDAQ FAMI traded up $0.00 on Tuesday, reaching $0.11. The stock had a trading volume of 634,687 shares, compared to its average volume of 8,764,296. The business has a 50 day moving average price of $0.13 and a 200 day moving average price of $0.66. Farmmi has a 1 year low of $0.09 and a 1 year high of $1.94.

Farmmi (NASDAQ:FAMI) last announced its quarterly earnings results on Thursday, August 27th. The company reported ($1.63) earnings per share for the quarter. The business had revenue of $3.20 million during the quarter.

Farmmi Company Profile

Farmmi, Inc is an agricultural products company focused primarily on the production, processing and sale of edible mushrooms and other food products. Its offerings have included dried shiitake mushrooms, dried wood ear mushrooms and related mushroom products, as well as selected agricultural goods.

The company has operated through sourcing, cultivation, processing and distribution activities, serving consumers and business customers through online and offline sales channels. Its products have been marketed in China and to international customers through export and cross-border commerce channels.

Farmmi was founded in China and became a publicly traded company on the Nasdaq under the symbol FAMI in 2018.