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

Farmmi, Inc. (NASDAQ:FAMI) saw a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 149,776 shares, a decline of 48.2% from the January 15th total of 288,891 shares. Approximately 2.8% of the company’s shares are short sold. Based on an average trading volume of 621,928 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 621,928 shares, the days-to-cover ratio is currently 0.2 days. Approximately 2.8% of the company’s shares are short sold.

Farmmi Stock Down 3.1%

Shares of FAMI stock traded down $0.04 on Friday, hitting $1.23. 5,233 shares of the stock were exchanged, compared to its average volume of 575,245. Farmmi has a fifty-two week low of $1.11 and a fifty-two week high of $3.44. The business has a 50-day moving average of $1.38 and a 200 day moving average of $1.60.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Farmmi in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company 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.