Farmmi, Inc. (NASDAQ:FAMI) Sees Significant Decline in Short Interest

Farmmi, Inc. (NASDAQ:FAMI) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 512,600 shares, a drop of 20.7% from the February 13th total of 646,400 shares. Based on an average trading volume of 3,150,000 shares, the days-to-cover ratio is presently 0.2 days. Currently, 3.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Farmmi stock. Citadel Advisors LLC purchased a new position in Farmmi, Inc. (NASDAQ:FAMI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 101,184 shares of the company’s stock, valued at approximately $30,000. Citadel Advisors LLC owned about 0.95% of Farmmi at the end of the most recent quarter. Institutional investors own 0.28% of the company’s stock.

Farmmi Trading Down 4.2 %

FAMI opened at $0.16 on Monday. The company has a current ratio of 16.10, a quick ratio of 15.55 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average is $0.26 and its two-hundred day moving average is $0.27. Farmmi has a 1 year low of $1.72 and a 1 year high of $11.28.

About Farmmi

Farmmi, Inc, through its subsidiaries, engages in processing and sale of agricultural products in China, the United States, Japan, Canada, Europe, Korea, and the Middle East. The company offers Shiitake mushrooms, Mu Er mushrooms, and other edible fungi, such as bamboo fungi, agrocybe aegerila, pleurotus eryngii, grifola frondose, coprinus comatus, and hericium erinaceus, as well as dried edible fungi.