Farmmi, Inc. (NASDAQ:FAMI) Short Interest Up 160.4% in July

Farmmi, Inc. (NASDAQ:FAMI) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 224,350 shares, an increase of 160.4% from the July 15th total of 86,162 shares. Currently, 1.6% of the company’s shares are sold short. Based on an average daily trading volume, of 615,438 shares, the short-interest ratio is presently 0.4 days.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Farmmi from a “sell (e+)” rating to a “sell (e)” rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Farmmi Price Performance

FAMI opened at $0.13 on Friday. The business’s 50-day moving average price is $0.50 and its two-hundred day moving average price is $1.02. Farmmi has a 1 year low of $0.12 and a 1 year high of $2.05.

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.