Farmmi, Inc. (NASDAQ:FAMI) Short Interest Update

Farmmi, Inc. (NASDAQ:FAMI) was the target of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 149,776 shares, a drop of 48.2% from the January 15th total of 288,891 shares. Based on an average trading volume of 621,928 shares, the days-to-cover ratio is presently 0.2 days. Approximately 2.8% of the company’s shares are sold short. Approximately 2.8% of the company’s shares are sold short. Based on an average trading volume of 621,928 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued 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, Based on data from MarketBeat.com, Farmmi presently has a consensus rating of “Sell”.

Farmmi Trading Up 0.4%

Shares of NASDAQ:FAMI traded up $0.01 during midday trading on Thursday, reaching $1.30. 4,286 shares of the company were exchanged, compared to its average volume of 594,792. Farmmi has a fifty-two week low of $1.11 and a fifty-two week high of $3.44. The stock has a fifty day simple moving average of $1.38 and a two-hundred day simple moving average of $1.60.

About Farmmi

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.