FRMO Co. (OTCMKTS:FRMO – Get Free Report) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 1,206 shares, an increase of ∞ from the April 30th total of 0 shares. Based on an average trading volume of 33,529 shares, the short-interest ratio is currently 0.0 days.
FRMO Price Performance
Shares of FRMO stock traded down $0.12 during midday trading on Monday, hitting $6.58. 13,138 shares of the company were exchanged, compared to its average volume of 15,541. FRMO has a 52 week low of $6.51 and a 52 week high of $9.69. The firm has a 50 day simple moving average of $7.17 and a 200-day simple moving average of $7.49.
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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