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

Farmmi, Inc. (NASDAQ:FAMI) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 1,796 shares, an increase of 51.7% from the December 15th total of 1,184 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 7,613 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 7,613 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Farmmi Stock Down 0.8%

NASDAQ:FAMI traded down $0.01 during trading hours on Friday, reaching $1.31. 90,385 shares of the company traded hands, compared to its average volume of 548,904. The business’s 50-day moving average price is $1.43 and its two-hundred day moving average price is $1.66. Farmmi has a 1 year low of $1.11 and a 1 year high of $3.71.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Farmmi in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Farmmi Company Profile

Farmmi, Inc is a China-based agricultural company primarily engaged in the cultivation, processing and sale of edible fungi. The company’s product portfolio spans fresh and dried mushrooms—including shiitake, oyster and wood ear varieties—along with a range of value-added plant-based foods such as vermicelli and other specialty grain products. Farmmi operates integrated facilities that cover seedling cultivation, mushroom production and downstream processing, allowing for quality control and traceability throughout its supply chain.

Headquartered in Lishui, Zhejiang Province, Farmmi has developed a network of farms, processing plants and sales offices across multiple provinces in the People’s Republic of China.