Farmmi, Inc. (NASDAQ:FAMI) Sees Significant Drop in Short Interest

Farmmi, Inc. (NASDAQ:FAMI) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 86,162 shares, a decline of 86.2% from the June 30th total of 623,444 shares. Based on an average trading volume of 793,654 shares, the short-interest ratio is currently 0.1 days. Currently, 0.6% of the shares of the company are short sold.

Farmmi Price Performance

Farmmi stock traded down $0.04 during midday trading on Monday, hitting $0.15. The company’s stock had a trading volume of 826,752 shares, compared to its average volume of 332,648. Farmmi has a 1-year low of $0.15 and a 1-year high of $2.10. The company has a 50-day moving average price of $0.85 and a two-hundred day moving average price of $1.13.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Farmmi from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

About Farmmi

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.