Short Interest in Farmmi, Inc. (NASDAQ:FAMI) Declines By 14.4%

Farmmi, Inc. (NASDAQ:FAMI) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 410,600 shares, a decrease of 14.4% from the December 15th total of 479,500 shares. Approximately 3.9% of the shares of the company are sold short. Based on an average trading volume of 1,670,000 shares, the days-to-cover ratio is presently 0.2 days.

Farmmi Stock Performance

Shares of FAMI traded down $0.01 during midday trading on Friday, reaching $0.30. The stock had a trading volume of 1,378,740 shares, compared to its average volume of 511,443. The firm has a 50 day simple moving average of $0.30 and a 200-day simple moving average of $0.36. Farmmi has a one year low of $0.17 and a one year high of $2.35.

Farmmi Company Profile

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.