Farmmi, Inc. (NASDAQ:FAMI) Shares Shorted: Short Interest Down 58.7% in September

Farmmi, Inc. (NASDAQ:FAMI – Get Free Report) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 971,058 shares, a decline of 58.7% from the September 15th total of 2,352,264 shares. Based on an average daily volume of 23,962,204 shares, the short-interest ratio is presently 0.0 days. Currently, 3.2% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Farmmi from a “sell (e+)” rating to a “sell (e)” rating in a research report on Friday. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

View Our Latest Report on Farmmi

Farmmi Price Performance

NASDAQ FAMI traded down $0.01 on Wednesday, hitting $0.11. The company had a trading volume of 555,752 shares, compared to its average volume of 8,722,950. The company’s fifty day moving average price is $0.13 and its 200-day moving average price is $0.66. Farmmi has a 12-month low of $0.09 and a 12-month high of $1.94.

Farmmi (NASDAQ:FAMI – Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The company reported ($1.63) earnings per share for the quarter. The business had revenue of $3.20 million for the quarter.

Farmmi Company Profile

(Get Free Report)

Farmmi, Inc is an agricultural products company focused primarily on the production, processing and sale of edible mushrooms and other food products. Its offerings have included dried shiitake mushrooms, dried wood ear mushrooms and related mushroom products, as well as selected agricultural goods.

The company has operated through sourcing, cultivation, processing and distribution activities, serving consumers and business customers through online and offline sales channels. Its products have been marketed in China and to international customers through export and cross-border commerce channels.

Farmmi was founded in China and became a publicly traded company on the Nasdaq under the symbol FAMI in 2018.

Further Reading

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