Farmmi, Inc. (NASDAQ:FAMI) Sees Large Decrease in Short Interest

Farmmi, Inc. (NASDAQ:FAMI) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 97,687 shares, a decline of 42.0% from the May 31st total of 168,378 shares. Based on an average daily volume of 99,519 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.8% of the company’s stock are short sold.

Farmmi Stock Performance

Shares of Farmmi stock traded down $0.01 during trading hours on Wednesday, hitting $0.23. 840,076 shares of the company’s stock traded hands, compared to its average volume of 286,750. Farmmi has a 12-month low of $0.23 and a 12-month high of $2.17. The company has a current ratio of 9.35, a quick ratio of 9.20 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $1.22 and a 200-day simple moving average of $1.29.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Farmmi in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

About Farmmi

Farmmi, Inc is a China-based agricultural company primarily engaged in the cultivation, processing and sale of edible fungi. The company’s product portfolio spans fresh and dried mushrooms—including shiitake, oyster and wood ear varieties—along with a range of value-added plant-based foods such as vermicelli and other specialty grain products. Farmmi operates integrated facilities that cover seedling cultivation, mushroom production and downstream processing, allowing for quality control and traceability throughout its supply chain.

Headquartered in Lishui, Zhejiang Province, Farmmi has developed a network of farms, processing plants and sales offices across multiple provinces in the People’s Republic of China.