Farmmi Inc (NASDAQ:FAMI) Short Interest Down 16.9% in August
Farmmi Inc (NASDAQ:FAMI) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totalling 115,300 shares, a drop of 16.9% from the July 31st total of 138,700 shares. Based on an average daily trading volume, of 19,400 shares, the short-interest ratio is currently 5.9 days. Currently, 3.9% of the shares of the stock are sold short.
Shares of NASDAQ:FAMI traded down $0.03 during midday trading on Friday, hitting $1.37. The company’s stock had a trading volume of 27,700 shares, compared to its average volume of 17,268. The business’s 50 day simple moving average is $1.33 and its 200 day simple moving average is $2.21. Farmmi has a 12-month low of $1.12 and a 12-month high of $5.87.
Large investors have recently bought and sold shares of the company. Jane Street Group LLC lifted its stake in shares of Farmmi by 64.9% in the second quarter. Jane Street Group LLC now owns 40,646 shares of the company’s stock worth $74,000 after buying an additional 15,990 shares in the last quarter. CVI Holdings LLC purchased a new position in shares of Farmmi in the second quarter worth about $181,000. Citadel Advisors LLC lifted its stake in shares of Farmmi by 1,356.9% in the second quarter. Citadel Advisors LLC now owns 234,758 shares of the company’s stock worth $425,000 after buying an additional 218,645 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Farmmi by 800.7% in the fourth quarter. Deutsche Bank AG now owns 247,833 shares of the company’s stock worth $1,006,000 after buying an additional 220,318 shares in the last quarter. 4.24% of the stock is currently owned by hedge funds and other institutional investors.
Farmmi, Inc processes and sells agricultural products in China, the United States, Japan, Canada, Europe, and the Middle East. The company offers shiitake and Mu Er mushrooms; and other edible fungi products, including bamboo fungi, agrocybe aegerila, pleurotus eryngii, grifola frondosa, coprinus comatus, and hericium erinaceus.
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