FRMO Co. (OTCMKTS:FRMO – Get Free Report) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 350 shares, an increase of ∞ from the June 15th total of 0 shares. Based on an average trading volume of 27,047 shares, the days-to-cover ratio is presently 0.0 days.
FRMO Price Performance
OTCMKTS FRMO remained flat at $7.12 during mid-day trading on Wednesday. The company had a trading volume of 1,226 shares, compared to its average volume of 14,634. The stock has a 50-day moving average price of $6.67 and a 200 day moving average price of $7.25. FRMO has a 12-month low of $6.21 and a 12-month high of $9.69.
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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