Farmmi, Inc. (NASDAQ:FAMI – Get Free Report) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 971,058 shares, a drop of 58.7% from the September 15th total of 2,352,264 shares. Based on an average trading volume of 23,962,204 shares, the short-interest ratio is currently 0.0 days. Approximately 3.2% of the shares of the stock are sold short.
Farmmi Stock Performance
NASDAQ:FAMI traded up $0.01 during mid-day trading on Thursday, reaching $0.11. The stock had a trading volume of 1,618,357 shares, compared to its average volume of 8,685,364. Farmmi has a 12 month low of $0.09 and a 12 month high of $1.94. The stock has a 50-day simple moving average of $0.12 and a two-hundred day simple moving average of $0.65.
Farmmi (NASDAQ:FAMI – Get Free Report) last issued its earnings results on Thursday, August 27th. The company reported ($1.63) EPS for the quarter. The business had revenue of $3.20 million during the quarter.
Analysts Set New Price Targets
Separately, Weiss Ratings cut Farmmi from a “sell (e+)” rating to a “sell (e)” rating in a report on Friday, October 9th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has a consensus rating of “Sell”.
Get Our Latest Stock Analysis on Farmmi
Farmmi Company Profile
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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