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

Farmmi, Inc. (NASDAQ:FAMI) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 616,371 shares, a decrease of 48.7% from the August 15th total of 1,200,452 shares. Approximately 2.1% of the company’s shares are sold short. Based on an average trading volume of 14,081,010 shares, the short-interest ratio is presently 0.0 days.

Farmmi Stock Performance

NASDAQ:FAMI traded down $0.01 during trading hours on Wednesday, hitting $0.13. The company had a trading volume of 4,874,953 shares, compared to its average volume of 61,071,288. The stock has a 50-day moving average price of $0.15 and a 200 day moving average price of $0.81. Farmmi has a 52 week low of $0.09 and a 52 week high of $2.05.

Farmmi (NASDAQ:FAMI) last issued its quarterly earnings data on Thursday, August 27th. The company reported ($1.63) EPS for the quarter. The business had revenue of $3.20 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Farmmi from a “sell (e+)” rating to a “sell (e)” rating in a research note on Tuesday, September 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Farmmi 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.