Short Interest in Farmmi, Inc. (NASDAQ:FAMI) Drops By 48.7%

Farmmi, Inc. (NASDAQ:FAMI) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 616,371 shares, a decline of 48.7% from the August 15th total of 1,200,452 shares. Based on an average daily trading volume, of 14,081,010 shares, the short-interest ratio is currently 0.0 days. Currently, 2.1% of the shares of the stock are short sold.

Farmmi Trading Up 5.2%

NASDAQ FAMI traded up $0.01 on Tuesday, hitting $0.13. The company’s stock had a trading volume of 6,906,108 shares, compared to its average volume of 8,169,184. Farmmi has a 1-year low of $0.09 and a 1-year high of $2.05. The company’s 50-day moving average is $0.15 and its 200 day moving average is $0.83.

Farmmi (NASDAQ:FAMI) last issued its quarterly earnings results on Thursday, August 27th. The company reported ($1.63) EPS for the quarter. The firm had revenue of $3.20 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Farmmi from a “sell (e+)” rating to a “sell (e)” rating in a report on Tuesday, September 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company 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.