Short Interest in First Farmers Financial Co. (OTCMKTS:FFMR) Rises By 193.8%

First Farmers Financial Co. (OTCMKTS:FFMR) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 47 shares, an increase of 193.8% from the April 15th total of 16 shares. Based on an average daily trading volume, of 1,814 shares, the short-interest ratio is presently 0.0 days.

First Farmers Financial Trading Up 0.1%

FFMR traded up $0.07 during trading on Friday, hitting $66.90. 100 shares of the stock were exchanged, compared to its average volume of 2,839. First Farmers Financial has a 1-year low of $64.10 and a 1-year high of $67.99. The stock has a fifty day moving average price of $65.88 and a two-hundred day moving average price of $66.12.

First Farmers Financial declared that its board has initiated a share buyback plan on Tuesday, February 17th that authorizes the company to repurchase $4.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is 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.