Farmmi, Inc. (NASDAQ:FAMI – Get Rating) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 1,060,000 shares, an increase of 34.8% from the June 15th total of 786,500 shares. Based on an average daily trading volume, of 1,040,000 shares, the days-to-cover ratio is currently 1.0 days.
Institutional Trading of Farmmi
An institutional investor recently bought a new position in Farmmi stock. Invesco Ltd. bought a new position in shares of Farmmi, Inc. (NASDAQ:FAMI – Get Rating) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 684,048 shares of the company's stock, valued at approximately $103,000. Invesco Ltd. owned about 0.11% of Farmmi at the end of the most recent quarter. Hedge funds and other institutional investors own 1.53% of the company's stock.
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Farmmi Stock Performance
Shares of FAMI opened at $1.08 on Tuesday. The business has a fifty day moving average of $1.35 and a 200 day moving average of $3.26. Farmmi has a 52-week low of $1.01 and a 52-week high of $14.75.
Farmmi Company Profile
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Farmmi, Inc, together with its subsidiaries, processes and sells agricultural products in China, the United States, Japan, Canada, Europe, Korea, and the Middle East. The company offers shiitake and Mu Er mushrooms; and other edible fungi products, including bamboo fungi, agrocybe aegerila, pleurotus eryngii, coprinus comatus, grifola frondosa, and hericium erinaceus.
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