FRMO Co. (OTCMKTS:FRMO – Get Free Report) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 300 shares, a decline of 43.6% from the July 30th total of 532 shares. Based on an average daily trading volume, of 16,206 shares, the days-to-cover ratio is presently 0.0 days.
FRMO Stock Performance
Shares of FRMO stock traded down $0.16 on Friday, reaching $7.31. 2,300 shares of the stock were exchanged, compared to its average volume of 13,268. The firm’s 50 day moving average is $7.07 and its 200-day moving average is $7.20. FRMO has a one year low of $6.21 and a one year high of $9.10.
About FRMO
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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