Short Interest in Farmmi, Inc. (NASDAQ:FAMI) Expands By 538.2%

Farmmi, Inc. (NASDAQ:FAMI) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 623,444 shares, a growth of 538.2% from the June 15th total of 97,687 shares. Approximately 4.6% of the shares of the stock are sold short. Based on an average daily volume of 1,386,035 shares, the days-to-cover ratio is presently 0.4 days.

Farmmi Stock Performance

Shares of Farmmi stock traded up $0.01 during mid-day trading on Friday, hitting $0.21. The stock had a trading volume of 448,383 shares, compared to its average volume of 1,068,112. The firm has a 50-day moving average of $1.06 and a two-hundred day moving average of $1.22. Farmmi has a 12-month low of $0.18 and a 12-month high of $2.17.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Farmmi from a “sell (e+)” rating to a “sell (e)” rating in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Farmmi Company Profile

Farmmi, Inc is a China-based agricultural company primarily engaged in the cultivation, processing and sale of edible fungi. The company’s product portfolio spans fresh and dried mushrooms—including shiitake, oyster and wood ear varieties—along with a range of value-added plant-based foods such as vermicelli and other specialty grain products. Farmmi operates integrated facilities that cover seedling cultivation, mushroom production and downstream processing, allowing for quality control and traceability throughout its supply chain.

Headquartered in Lishui, Zhejiang Province, Farmmi has developed a network of farms, processing plants and sales offices across multiple provinces in the People’s Republic of China.