Farmmi, Inc. (NASDAQ:FAMI) Short Interest Update

Farmmi, Inc. (NASDAQ:FAMI) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 623,444 shares, an increase of 538.2% from the June 15th total of 97,687 shares. Approximately 4.6% of the shares of the company are short sold. Based on an average daily volume of 1,386,035 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Farmmi from a “sell (e+)” rating to a “sell (e)” rating in a report on Thursday, July 2nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Farmmi has a consensus rating of “Sell”.

Farmmi Stock Performance

FAMI traded down $0.02 during midday trading on Monday, hitting $0.19. 305,211 shares of the company traded hands, compared to its average volume of 322,225. The business has a 50 day simple moving average of $1.06 and a two-hundred day simple moving average of $1.22. Farmmi has a 52-week low of $0.18 and a 52-week high of $2.12.

Farmmi Company Profile

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.