Farmmi, Inc. (NASDAQ:FAMI) Sees Large Increase in Short Interest

Farmmi, Inc. (NASDAQ:FAMI) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 288,891 shares, an increase of 15,985.2% from the December 31st total of 1,796 shares. Currently, 22.3% of the shares of the company are sold short. Based on an average daily volume of 998,507 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 998,507 shares, the days-to-cover ratio is currently 0.3 days. Currently, 22.3% of the shares of the company are sold short.

Farmmi Trading Up 12.4%

NASDAQ:FAMI traded up $0.18 during midday trading on Tuesday, reaching $1.63. 604,316 shares of the company traded hands, compared to its average volume of 793,754. The company has a fifty day moving average price of $1.42 and a 200 day moving average price of $1.64. Farmmi has a twelve month low of $1.11 and a twelve month high of $3.44.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Farmmi in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Farmmi has a consensus rating of “Sell”.

Farmmi Company Profile

Farmmi, Inc is a China-based agricultural company primarily engaged in the cultivation, processing and sale of edible fungi. The company’s product portfolio spans fresh and dried mushrooms—including shiitake, oyster and wood ear varieties—along with a range of value-added plant-based foods such as vermicelli and other specialty grain products. Farmmi operates integrated facilities that cover seedling cultivation, mushroom production and downstream processing, allowing for quality control and traceability throughout its supply chain.

Headquartered in Lishui, Zhejiang Province, Farmmi has developed a network of farms, processing plants and sales offices across multiple provinces in the People’s Republic of China.