Farmmi Inc (NASDAQ:FAMI) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totalling 138,900 shares, a decline of 9.0% from the May 30th total of 152,700 shares. Approximately 7.2% of the shares of the company are short sold. Based on an average daily volume of 133,200 shares, the days-to-cover ratio is presently 1.0 days.
Large investors have recently made changes to their positions in the business. Deutsche Bank AG lifted its holdings in Farmmi by 800.7% in the fourth quarter. Deutsche Bank AG now owns 247,833 shares of the company’s stock valued at $1,006,000 after acquiring an additional 220,318 shares during the period. Squarepoint Ops LLC acquired a new position in Farmmi in the fourth quarter valued at approximately $61,000. Finally, Two Sigma Investments LP acquired a new position in Farmmi in the fourth quarter valued at approximately $119,000. 0.42% of the stock is owned by institutional investors.
NASDAQ:FAMI traded down $0.03 during trading hours on Friday, reaching $1.70. The company had a trading volume of 2,772 shares, compared to its average volume of 13,455. Farmmi has a 1-year low of $1.66 and a 1-year high of $5.87. The stock has a 50 day moving average price of $1.91.
Farmmi, Inc processes and sells agricultural products in China, the United States, Japan, Canada, Europe, and the Middle East. The company offers shiitake and Mu Er mushrooms; and other edible fungi products, including bamboo fungi, agrocybe aegerila, pleurotus eryngii, grifola frondosa, coprinus comatus, and hericium erinaceus.
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