FRMO Co. (OTCMKTS:FRMO – Get Free Report) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 1,206 shares, an increase of ∞ from the April 30th total of 0 shares. Based on an average trading volume of 33,529 shares, the days-to-cover ratio is presently 0.0 days.
FRMO Stock Up 0.3%
FRMO stock traded up $0.02 on Wednesday, reaching $6.55. 4,261 shares of the company traded hands, compared to its average volume of 15,628. The firm has a fifty day simple moving average of $7.14 and a 200-day simple moving average of $7.48. FRMO has a one year low of $6.41 and a one year high of $9.69.
FRMO Company Profile
FRMO Corporation (OTCMKTS:FRMO) is a diversified holding company based in Bloomfield Hills, Michigan. The company seeks long-term capital appreciation by acquiring, incubating and supporting a range of businesses and investments across public equities, private ventures, commercial real estate and special situations. With a flexible investment mandate, FRMO allocates capital to sectors and asset classes it considers undervalued or poised for future growth.
Through its wholly owned subsidiaries and strategic partnerships, FRMO’s portfolio spans multiple industries, including software and technology services, digital media, consumer products and real estate development.
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