Farmmi, Inc. (NASDAQ:FAMI) Short Interest Update

Farmmi, Inc. (NASDAQ:FAMI) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 616,371 shares, a decrease of 48.7% from the August 15th total of 1,200,452 shares. Based on an average daily trading volume, of 14,081,010 shares, the days-to-cover ratio is presently 0.0 days. Approximately 2.1% of the company’s shares are short sold.

Farmmi Stock Up 5.2%

Shares of NASDAQ FAMI traded up $0.01 during mid-day trading on Tuesday, reaching $0.13. 6,906,108 shares of the company’s stock traded hands, compared to its average volume of 8,169,184. The business has a 50-day simple moving average of $0.15 and a 200 day simple moving average of $0.83. Farmmi has a 1-year low of $0.09 and a 1-year high of $2.05.

Farmmi (NASDAQ:FAMI) last issued its quarterly earnings data on Thursday, August 27th. The company reported ($1.63) EPS for the quarter. The firm had revenue of $3.20 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings cut Farmmi from a “sell (e+)” rating to a “sell (e)” rating in a research note on Tuesday, September 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

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.