FRMO Co. (OTCMKTS:FRMO – Get Free Report) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 106 shares, a decline of 47.3% from the September 15th total of 201 shares. Based on an average daily trading volume, of 13,210 shares, the days-to-cover ratio is currently 0.0 days.
FRMO Trading Down 1.0%
Shares of FRMO stock opened at $6.63 on Friday. FRMO has a 1-year low of $6.21 and a 1-year high of $8.88. The firm’s 50-day simple moving average is $7.10 and its 200-day simple moving average is $6.97.
About FRMO
FRMO Holdings, Inc is a publicly traded holding company focused on acquiring and managing interests in financial services businesses, public and private securities, and other investment-related assets. Rather than operating a traditional product or service business, the company primarily seeks to build long-term value through ownership of a diversified portfolio.
FRMO has maintained a significant relationship with Horizon Kinetics, an investment management firm that provides asset management and related investment research services.
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