FRMO Co. (OTCMKTS:FRMO – Get Free Report) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 106 shares, a drop of 47.3% from the September 15th total of 201 shares. Based on an average daily volume of 13,210 shares, the short-interest ratio is currently 0.0 days.
FRMO Price Performance
Shares of FRMO stock traded down $0.05 during trading hours on Wednesday, reaching $6.67. 150 shares of the company’s stock were exchanged, compared to its average volume of 12,441. FRMO has a 1 year low of $6.21 and a 1 year high of $8.88. The business has a fifty day moving average of $7.12 and a two-hundred day moving average of $6.99.
FRMO Company Profile
FRMO Holdings, Inc is a publicly traded holding company focused on acquiring and managing interests in financial services businesses, public and private securities, and other investment-related assets. Rather than operating a traditional product or service business, the company primarily seeks to build long-term value through ownership of a diversified portfolio.
FRMO has maintained a significant relationship with Horizon Kinetics, an investment management firm that provides asset management and related investment research services.
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