Short Interest in Farmmi, Inc. (NASDAQ:FAMI) Decreases By 86.2%

Farmmi, Inc. (NASDAQ:FAMI) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 86,162 shares, a drop of 86.2% from the June 30th total of 623,444 shares. Based on an average trading volume of 793,654 shares, the short-interest ratio is currently 0.1 days. Approximately 0.6% of the shares of the company are sold short.

Farmmi Price Performance

Farmmi stock traded down $0.00 during midday trading on Friday, reaching $0.19. The company’s stock had a trading volume of 556,382 shares, compared to its average volume of 1,207,096. Farmmi has a fifty-two week low of $0.18 and a fifty-two week high of $2.10. The stock’s 50 day simple moving average is $0.85 and its 200 day simple moving average is $1.14.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Farmmi from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Farmmi has an average 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.