Farmmi, Inc. (NASDAQ:FAMI) Sees Significant Growth in Short Interest
by Jessica Moore · The Cerbat GemFarmmi, Inc. (NASDAQ:FAMI – Get Free Report) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 288,891 shares, an increase of 15,985.2% from the December 31st total of 1,796 shares. Currently, 22.3% of the shares of the company are sold short. Based on an average daily trading volume, of 998,507 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 998,507 shares, the short-interest ratio is presently 0.3 days. Currently, 22.3% of the shares of the company are sold short.
Farmmi Stock Up 12.4%
Farmmi stock traded up $0.18 during trading hours on Tuesday, hitting $1.63. 604,316 shares of the company traded hands, compared to its average volume of 793,754. Farmmi has a 1-year low of $1.11 and a 1-year high of $3.44. The firm’s 50-day simple moving average is $1.42 and its two-hundred day simple moving average is $1.64.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Farmmi in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.
Check Out Our Latest Analysis on Farmmi
About Farmmi
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.