Farmmi, Inc. (NASDAQ:FAMI) Short Interest Update

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

Farmmi Stock Performance

Shares of FAMI stock traded down $0.09 on Wednesday, hitting $1.93. The stock had a trading volume of 73,101 shares, compared to its average volume of 111,969. The stock’s 50 day moving average is $0.33 and its 200-day moving average is $0.30. The company has a debt-to-equity ratio of 0.01, a current ratio of 16.10 and a quick ratio of 15.55. Farmmi has a 52-week low of $1.43 and a 52-week high of $11.28.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Farmmi stock. Citadel Advisors LLC purchased a new position in Farmmi, Inc. (NASDAQ:FAMI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 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 filing with the Securities and Exchange Commission. Institutional investors own 0.28% of the company’s stock.

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.