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

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

Farmmi Stock Down 2.5 %

FAMI traded down $0.01 during trading on Friday, reaching $0.30. 1,378,740 shares of the company’s stock were exchanged, compared to its average volume of 9,805,561. The business has a 50 day moving average price of $0.30 and a 200 day moving average price of $0.36. Farmmi has a fifty-two week low of $0.17 and a fifty-two week high of $2.35.

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.