Farmmi, Inc. (NASDAQ:FAMI) Short Interest Up 160.4% in July

Farmmi, Inc. (NASDAQ:FAMI) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 224,350 shares, an increase of 160.4% from the July 15th total of 86,162 shares. Based on an average daily volume of 615,438 shares, the short-interest ratio is presently 0.4 days. Approximately 1.6% of the shares of the company are short sold.

Farmmi Price Performance

Shares of NASDAQ FAMI opened at $0.13 on Friday. Farmmi has a 52-week low of $0.12 and a 52-week high of $2.05. The business has a fifty day moving average of $0.50 and a two-hundred day moving average of $1.02.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Farmmi from a “sell (e+)” rating to a “sell (e)” rating in a research note on Thursday, August 6th. One investment 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.