FRMO Co. (OTCMKTS:FRMO – Get Free Report) saw a large decrease in short interest in September. As of September 30th, there was short interest totaling 106 shares, a decrease of 47.3% from the September 15th total of 201 shares. Based on an average daily trading volume, of 13,210 shares, the short-interest ratio is presently 0.0 days.
FRMO Stock Performance
Shares of FRMO stock traded down $0.05 during midday trading on Wednesday, hitting $6.67. The company had a trading volume of 150 shares, compared to its average volume of 12,441. FRMO has a 12-month low of $6.21 and a 12-month high of $8.88. The company has a fifty day simple moving average of $7.12 and a 200 day simple moving average of $6.99.
FRMO Company Profile
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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