Farmmi, Inc. (NASDAQ:FAMI – Get Free Report) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 971,058 shares, a decline of 58.7% from the September 15th total of 2,352,264 shares. Approximately 3.2% of the company’s shares are short sold. Based on an average trading volume of 23,962,204 shares, the days-to-cover ratio is currently 0.0 days.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings lowered Farmmi from a “sell (e+)” rating to a “sell (e)” rating in a research report on Friday. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of “Sell”.
Farmmi Stock Up 0.9%
Farmmi (NASDAQ:FAMI – Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The company reported ($1.63) earnings per share (EPS) for the quarter. The business had revenue of $3.20 million during the quarter.
About Farmmi
Farmmi, Inc is an agricultural products company focused primarily on the production, processing and sale of edible mushrooms and other food products. Its offerings have included dried shiitake mushrooms, dried wood ear mushrooms and related mushroom products, as well as selected agricultural goods.
The company has operated through sourcing, cultivation, processing and distribution activities, serving consumers and business customers through online and offline sales channels. Its products have been marketed in China and to international customers through export and cross-border commerce channels.
Farmmi was founded in China and became a publicly traded company on the Nasdaq under the symbol FAMI in 2018.
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