FRMO Co. (OTCMKTS:FRMO) Sees Large Decrease in Short Interest

FRMO Co. (OTCMKTS:FRMO) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 1,500 shares, a drop of 11.8% from the March 15th total of 1,700 shares. Based on an average trading volume of 28,600 shares, the short-interest ratio is presently 0.1 days.

FRMO Stock Down 0.3 %

FRMO stock traded down $0.02 during mid-day trading on Tuesday, reaching $7.28. The company’s stock had a trading volume of 9,327 shares, compared to its average volume of 14,625. The company’s 50 day moving average is $7.30 and its two-hundred day moving average is $7.20. FRMO has a fifty-two week low of $6.28 and a fifty-two week high of $8.98.

FRMO Company Profile

FRMO Corporation, through Horizon Kinetics, LLC, operates as an investment advisory and independent research company. The company provides in-depth analysis of information-poor, under-researched companies, and strategies to identify the complex situations primarily to institutional investors. FRMO Corporation was incorporated in 1993 and is based in White Plains, New York.