FRMO Co. (OTCMKTS:FRMO – Get Free Report) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 201 shares, a drop of 33.0% from the August 15th total of 300 shares. Based on an average trading volume of 17,182 shares, the short-interest ratio is presently 0.0 days.
FRMO Trading Down 0.5%
FRMO opened at $6.87 on Friday. FRMO has a 52-week low of $6.21 and a 52-week high of $9.01. The business’s 50-day simple moving average is $7.17 and its 200 day simple moving average is $7.17.
FRMO Company Profile
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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