Short Interest in FRMO Co. (OTCMKTS:FRMO) Grows By 325.0%

FRMO Co. (OTCMKTS:FRMO) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 1,700 shares, a growth of 325.0% from the February 29th total of 400 shares. Based on an average daily volume of 36,300 shares, the days-to-cover ratio is currently 0.0 days.

FRMO Stock Performance

FRMO opened at $7.60 on Thursday. The stock’s fifty day moving average is $7.26 and its two-hundred day moving average is $7.18. FRMO has a 52 week low of $6.28 and a 52 week high of $8.98.

About FRMO

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.