Short Interest in Farmmi, Inc. (NASDAQ:FAMI) Declines By 20.7%

Farmmi, Inc. (NASDAQ:FAMI) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 512,600 shares, a decline of 20.7% from the February 13th total of 646,400 shares. Currently, 3.5% of the shares of the company are short sold. Based on an average trading volume of 3,150,000 shares, the days-to-cover ratio is currently 0.2 days.

Farmmi Trading Up 3.3 %

FAMI traded up $0.07 during midday trading on Tuesday, reaching $2.02. The company had a trading volume of 34,732 shares, compared to its average volume of 112,125. The company has a quick ratio of 15.55, a current ratio of 16.10 and a debt-to-equity ratio of 0.01. Farmmi has a 12-month low of $1.43 and a 12-month high of $11.28. The business has a 50-day moving average price of $0.33 and a two-hundred day moving average price of $0.30.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Farmmi stock. Citadel Advisors LLC bought a new stake in Farmmi, Inc. (NASDAQ:FAMI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 101,184 shares of the company’s stock, valued at approximately $30,000. Citadel Advisors LLC owned about 0.95% of Farmmi as of its most recent SEC filing. 0.28% of the stock is owned by institutional investors.

About Farmmi

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.