First Farmers Financial Co. (OTCMKTS:FFMR) Short Interest Update

First Farmers Financial Co. (OTCMKTS:FFMR) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 47 shares, an increase of 193.8% from the April 15th total of 16 shares. Based on an average trading volume of 1,814 shares, the days-to-cover ratio is currently 0.0 days.

First Farmers Financial Stock Up 0.2%

FFMR stock traded up $0.12 during trading on Friday, reaching $66.95. The stock had a trading volume of 2,600 shares, compared to its average volume of 2,880. First Farmers Financial has a 52 week low of $64.10 and a 52 week high of $67.99. The stock’s 50 day moving average is $65.90 and its two-hundred day moving average is $66.12.

First Farmers Financial declared that its board has authorized a share repurchase plan on Tuesday, February 17th that permits the company to repurchase $4.00 million in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

About First Farmers Financial

First Farmers Financial Corporation is a bank holding company based in Hamilton, Indiana, serving the financial needs of rural and suburban communities across Central Indiana and Northwest Ohio. It operates through its primary subsidiary, First Farmers Bank & Trust, which provides a range of community banking and trust services designed to support individuals, families, businesses, and agricultural enterprises.

The company’s core business activities include traditional deposit and lending services.