FRMO Co. (OTCMKTS:FRMO – Get Free Report) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 201 shares, a decrease of 33.0% from the August 15th total of 300 shares. Based on an average daily volume of 17,182 shares, the days-to-cover ratio is currently 0.0 days.
FRMO Price Performance
Shares of OTCMKTS FRMO opened at $6.90 on Thursday. FRMO has a twelve month low of $6.21 and a twelve month high of $9.01. The firm has a fifty day simple moving average of $7.17 and a 200 day simple moving average of $7.17.
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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