Farmers and Merchants Bancshares, Inc. (OTCMKTS:FMFG) Sees Large Drop in Short Interest

Farmers and Merchants Bancshares, Inc. (OTCMKTS:FMFG) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 3 shares, a drop of 95.7% from the January 15th total of 70 shares. Based on an average daily volume of 1,082 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 1,082 shares, the days-to-cover ratio is currently 0.0 days.

Farmers and Merchants Bancshares Trading Down 1.0%

FMFG traded down $0.20 during midday trading on Tuesday, reaching $19.00. 212 shares of the company’s stock traded hands, compared to its average volume of 555. Farmers and Merchants Bancshares has a 52 week low of $14.76 and a 52 week high of $19.50. The firm has a fifty day moving average of $17.63 and a two-hundred day moving average of $16.92.

Farmers and Merchants Bancshares Company Profile

Farmers and Merchants Bancshares is the bank holding company for Farmers and Merchants Bank, a community-focused institution based in Lyons, Kansas. Through its banking subsidiary, the company provides a full range of deposit and lending products designed to meet the needs of individuals, families and small businesses. Core offerings include checking and savings accounts, certificates of deposit and consumer loan products such as auto and home mortgages.

In addition to traditional banking services, Farmers and Merchants Bancshares offers commercial and agricultural lending to support local enterprises and farming operations throughout its service area.