Farmmi, Inc. (NASDAQ:FAMI) Short Interest Up 538.2% in June

Farmmi, Inc. (NASDAQ:FAMI) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 623,444 shares, an increase of 538.2% from the June 15th total of 97,687 shares. Based on an average daily volume of 1,386,035 shares, the days-to-cover ratio is presently 0.4 days. Approximately 4.6% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Farmmi from a “sell (e+)” rating to a “sell (e)” rating in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Farmmi Trading Up 5.1%

Shares of NASDAQ:FAMI traded up $0.01 on Friday, hitting $0.21. 448,383 shares of the company were exchanged, compared to its average volume of 1,068,112. Farmmi has a 1-year low of $0.18 and a 1-year high of $2.17. The stock’s 50 day moving average price is $1.06 and its 200 day moving average price is $1.22.

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.