Short Interest in First Farmers Financial Co. (OTCMKTS:FFMR) Rises By 70.7%

First Farmers Financial Co. (OTCMKTS:FFMR) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 128 shares, an increase of 70.7% from the May 14th total of 75 shares. Based on an average daily trading volume, of 327 shares, the short-interest ratio is currently 0.4 days.

First Farmers Financial Stock Performance

Shares of OTCMKTS:FFMR remained flat at $67.01 on Monday. The stock had a trading volume of 25 shares, compared to its average volume of 2,489. The stock’s fifty day moving average is $66.58 and its 200-day moving average is $66.26. First Farmers Financial has a twelve month low of $64.10 and a twelve month high of $69.89.

First Farmers Financial announced that its Board of Directors has authorized a stock repurchase program on Tuesday, February 17th that allows the company to buyback $4.00 million in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

First Farmers Financial Company Profile

First Farmers Financial Corporation is a bank holding company based in Hamilton, Indiana, serving the financial needs of rural and suburban communities across Central Indiana and Northwest Ohio. It operates through its primary subsidiary, First Farmers Bank & Trust, which provides a range of community banking and trust services designed to support individuals, families, businesses, and agricultural enterprises.

The company’s core business activities include traditional deposit and lending services.