Farmmi, Inc. (NASDAQ:FAMI) Sees Significant Decrease in Short Interest

Farmmi, Inc. (NASDAQ:FAMI) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 97,687 shares, a drop of 42.0% from the May 31st total of 168,378 shares. Based on an average daily volume of 99,519 shares, the short-interest ratio is presently 1.0 days. Currently, 1.8% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Farmmi in a research report on Monday, May 11th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Farmmi Stock Down 21.3%

NASDAQ:FAMI traded down $0.05 during trading hours on Thursday, hitting $0.19. 2,782,296 shares of the company were exchanged, compared to its average volume of 308,074. The company has a fifty day simple moving average of $1.20 and a 200 day simple moving average of $1.28. Farmmi has a one year low of $0.18 and a one year high of $2.17.

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.