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

Farmmi, Inc. (NASDAQ:FAMI) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 97,687 shares, a decrease of 42.0% from the May 31st total of 168,378 shares. Currently, 1.8% of the shares of the stock are short sold. Based on an average trading volume of 99,519 shares, the short-interest ratio is currently 1.0 days.

Farmmi Price Performance

Shares of NASDAQ FAMI remained flat at $0.19 during trading on Friday. The stock had a trading volume of 3,554,003 shares, compared to its average volume of 827,352. Farmmi has a 12 month low of $0.18 and a 12 month high of $2.17. The business’s fifty day simple moving average is $1.18 and its 200-day simple moving average is $1.27.

Analysts Set New Price Targets

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

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.