FRMO Co. (OTCMKTS:FRMO) Short Interest Update
by Danessa Lincoln · The Markets DailyFRMO Co. (OTCMKTS:FRMO – Get Free Report) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 88 shares, a decline of 92.7% from the May 14th total of 1,206 shares. Based on an average daily trading volume, of 83,008 shares, the days-to-cover ratio is presently 0.0 days.
FRMO Stock Performance
Shares of OTCMKTS FRMO traded down $0.18 during midday trading on Tuesday, reaching $6.42. 22,431 shares of the stock were exchanged, compared to its average volume of 15,631. FRMO has a 52-week low of $6.41 and a 52-week high of $9.69. The stock has a 50 day moving average price of $6.96 and a 200-day moving average price of $7.41.
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.