First Farmers Financial Co. (OTCMKTS:FFMR) Sees Large Increase in Short Interest

First Farmers Financial Co. (OTCMKTS:FFMR) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 47 shares, an increase of 193.8% from the April 15th total of 16 shares. Based on an average trading volume of 1,814 shares, the days-to-cover ratio is presently 0.0 days.

First Farmers Financial Stock Performance

Shares of OTCMKTS FFMR traded up $0.68 during trading on Thursday, hitting $66.83. The stock had a trading volume of 850 shares, compared to its average volume of 2,886. First Farmers Financial has a 12 month low of $64.10 and a 12 month high of $67.99. The firm has a fifty day moving average of $65.87 and a two-hundred day moving average of $66.12.

First Farmers Financial declared that its board has authorized a stock buyback plan on Tuesday, February 17th that authorizes the company to buyback $4.00 million in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

About First Farmers Financial

First Farmers Financial Corporation is a bank holding company based in Hamilton, Indiana, serving the financial needs of rural and suburban communities across Central Indiana and Northwest Ohio. It operates through its primary subsidiary, First Farmers Bank & Trust, which provides a range of community banking and trust services designed to support individuals, families, businesses, and agricultural enterprises.

The company’s core business activities include traditional deposit and lending services.