FRMO Co. (OTCMKTS:FRMO) Sees Significant Increase in Short Interest

FRMO Co. (OTCMKTS:FRMO) was the target of a large growth in short interest in July. As of July 31st, there was short interest totalling 1,600 shares, a growth of 1,500.0% from the July 15th total of 100 shares. Based on an average daily trading volume, of 10,800 shares, the short-interest ratio is presently 0.1 days.

FRMO Stock Up 1.9 %

Shares of OTCMKTS:FRMO traded up $0.14 on Monday, hitting $7.56. The company had a trading volume of 2,000 shares, compared to its average volume of 18,308. FRMO has a 52-week low of $6.28 and a 52-week high of $8.98. The business has a 50 day moving average of $7.44 and a 200 day moving average of $7.35.

FRMO Company Profile

FRMO Corporation, through Horizon Kinetics, LLC, operates as an investment advisory and independent research company. The company provides in-depth analysis of information-poor, under-researched companies, and strategies to identify the complex situations primarily to institutional investors. FRMO Corporation was incorporated in 1993 and is based in White Plains, New York.