Farmmi Inc (NASDAQ:FAMI) Short Interest Down 9.0% in June

Farmmi Inc (NASDAQ:FAMI) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totalling 138,900 shares, a decline of 9.0% from the May 30th total of 152,700 shares. Based on an average daily volume of 133,200 shares, the days-to-cover ratio is currently 1.0 days. Currently, 7.2% of the shares of the stock are sold short.

Shares of FAMI traded down $0.03 during trading hours on Friday, hitting $1.70. 2,772 shares of the stock were exchanged, compared to its average volume of 13,455. Farmmi has a 12-month low of $1.66 and a 12-month high of $5.87. The stock has a 50-day moving average price of $1.91.

Several institutional investors and hedge funds have recently modified their holdings of FAMI. Squarepoint Ops LLC purchased a new stake in shares of Farmmi during the fourth quarter worth approximately $61,000. Two Sigma Investments LP purchased a new stake in shares of Farmmi during the fourth quarter worth approximately $119,000. Finally, Deutsche Bank AG increased its position in shares of Farmmi by 800.7% during the fourth quarter. Deutsche Bank AG now owns 247,833 shares of the company’s stock worth $1,006,000 after purchasing an additional 220,318 shares in the last quarter. Hedge funds and other institutional investors own 0.42% of the company’s stock.

Farmmi Company Profile

Farmmi, Inc processes and sells agricultural products in China, the United States, Japan, Canada, Europe, and the Middle East. The company offers shiitake and Mu Er mushrooms; and other edible fungi products, including bamboo fungi, agrocybe aegerila, pleurotus eryngii, grifola frondosa, coprinus comatus, and hericium erinaceus.

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