FRMO Co. (OTCMKTS:FRMO – Get Free Report) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 88 shares, a decline of 92.7% from the May 14th total of 1,206 shares. Based on an average daily volume of 83,008 shares, the days-to-cover ratio is currently 0.0 days.
FRMO Trading Down 1.4%
Shares of OTCMKTS FRMO traded down $0.09 during trading hours on Thursday, hitting $6.36. The company had a trading volume of 15,268 shares, compared to its average volume of 15,510. FRMO has a 1-year low of $6.36 and a 1-year high of $9.69. The firm’s 50 day moving average is $6.93 and its 200-day moving average is $7.40.
FRMO Company Profile
FRMO Corporation (OTCMKTS:FRMO) is a diversified holding company based in Bloomfield Hills, Michigan. The company seeks long-term capital appreciation by acquiring, incubating and supporting a range of businesses and investments across public equities, private ventures, commercial real estate and special situations. With a flexible investment mandate, FRMO allocates capital to sectors and asset classes it considers undervalued or poised for future growth.
Through its wholly owned subsidiaries and strategic partnerships, FRMO’s portfolio spans multiple industries, including software and technology services, digital media, consumer products and real estate development.
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