First Farmers Financial Co. (OTCMKTS:FFMR) Sees Large Increase in Short Interest

First Farmers Financial Co. (OTCMKTS:FFMR) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 128 shares, an increase of 70.7% from the May 14th total of 75 shares. Based on an average daily volume of 327 shares, the days-to-cover ratio is presently 0.4 days.

First Farmers Financial Stock Up 1.5%

OTCMKTS FFMR traded up $0.52 during trading on Tuesday, reaching $34.02. 103 shares of the stock traded hands, compared to its average volume of 4,908. The stock’s 50-day moving average price is $66.60 and its 200 day moving average price is $66.26. First Farmers Financial has a fifty-two week low of $32.05 and a fifty-two week high of $34.95.

First Farmers Financial declared that its Board of Directors has initiated a share buyback plan on Tuesday, February 17th that permits the company to buyback $4.00 million in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

First Farmers Financial Company Profile

First Farmers Financial Corporation is a bank holding company based in Hamilton, Indiana, serving the financial needs of rural and suburban communities across Central Indiana and Northwest Ohio. It operates through its primary subsidiary, First Farmers Bank & Trust, which provides a range of community banking and trust services designed to support individuals, families, businesses, and agricultural enterprises.

The company’s core business activities include traditional deposit and lending services.