FRMO Co. (OTCMKTS:FRMO – Get Free Report) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 350 shares, an increase of ∞ from the June 15th total of 0 shares. Based on an average daily trading volume, of 27,047 shares, the days-to-cover ratio is currently 0.0 days.
FRMO Stock Down 1.5%
Shares of FRMO stock traded down $0.10 on Thursday, reaching $6.97. The stock had a trading volume of 3,625 shares, compared to its average volume of 14,449. The company has a 50 day moving average price of $6.67 and a 200 day moving average price of $7.25. FRMO has a 1 year low of $6.21 and a 1 year high of $9.69.
About FRMO
FRMO Corporation (OTCMKTS:FRMO) is a diversified holding company based in Bloomfield Hills, Michigan. The company seeks long-term capital appreciation by acquiring, incubating and supporting a range of businesses and investments across public equities, private ventures, commercial real estate and special situations. With a flexible investment mandate, FRMO allocates capital to sectors and asset classes it considers undervalued or poised for future growth.
Through its wholly owned subsidiaries and strategic partnerships, FRMO’s portfolio spans multiple industries, including software and technology services, digital media, consumer products and real estate development.
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