Posted by admin on Aug 5th, 2022

Farmmi, Inc. (NASDAQ:FAMI – Get Rating) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totalling 882,400 shares, a decline of 16.8% from the June 30th total of 1,060,000 shares. Based on an average daily volume of 1,050,000 shares, the short-interest ratio is currently 0.8 days. Approximately 4.0% of the shares of the company are sold short.

An institutional investor recently bought a new position in Farmmi stock. Invesco Ltd. purchased a new stake in shares of Farmmi, Inc. (NASDAQ:FAMI – Get Rating) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 684,048 shares of the company’s stock, valued at approximately $103,000. Invesco Ltd. owned 0.11% of Farmmi as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 1.53% of the company’s stock.

NASDAQ:FAMI opened at $1.21 on Friday. The stock has a 50-day simple moving average of $1.12 and a two-hundred day simple moving average of $2.85. Farmmi has a 52-week low of $1.01 and a 52-week high of $14.75.

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

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