FRMO Co. (OTCMKTS:FRMO – Get Free Report) saw a large growth in short interest in October. As of October 30th, there was short interest totaling 222 shares, a growth of 131.2% from the October 15th total of 96 shares. Based on an average daily trading volume, of 8,997 shares, the days-to-cover ratio is currently 0.0 days.
FRMO Price Performance
FRMO stock opened at $6.23 on Friday. FRMO has a 1 year low of $6.02 and a 1 year high of $8.59. The firm has a 50-day moving average of $6.75 and a two-hundred day moving average of $7.10.
About FRMO
FRMO Corp. is a publicly traded investment holding company that focuses on acquiring and holding interests in marketable securities, private businesses and other investment assets. Rather than operating a traditional product or service business, the company seeks to build long-term value through ownership of investments and related financial interests. FRMO has historically been associated with Horizon Kinetics and its investment-management activities. Its portfolio may include interests in publicly traded companies, private entities and investment partnerships, with results influenced by the performance and valuation of those holdings.
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