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, 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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