FRMO Co. (OTCMKTS:FRMO – Get Free Report) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 106 shares, a decline of 47.3% from the September 15th total of 201 shares. Based on an average daily trading volume, of 13,210 shares, the days-to-cover ratio is currently 0.0 days.
FRMO Trading Down 1.0%
Shares of OTCMKTS FRMO traded down $0.07 on Thursday, reaching $6.63. 4,021 shares of the company traded hands, compared to its average volume of 12,418. FRMO has a fifty-two week low of $6.21 and a fifty-two week high of $8.88. The company has a 50 day moving average of $7.11 and a 200 day moving average of $6.98.
FRMO Company Profile
FRMO Holdings, Inc is a publicly traded holding company focused on acquiring and managing interests in financial services businesses, public and private securities, and other investment-related assets. Rather than operating a traditional product or service business, the company primarily seeks to build long-term value through ownership of a diversified portfolio.
FRMO has maintained a significant relationship with Horizon Kinetics, an investment management firm that provides asset management and related investment research services.
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