FRMO Co. (OTCMKTS:FRMO) Sees Large Decrease in Short Interest

FRMO Co. (OTCMKTS:FRMO) was the recipient of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 300 shares, a decline of 72.7% from the January 31st total of 1,100 shares. Based on an average daily volume of 19,300 shares, the days-to-cover ratio is currently 0.0 days.

FRMO Stock Up 0.1 %

Shares of OTCMKTS:FRMO traded up $0.01 on Friday, reaching $9.07. 4,015 shares of the company’s stock were exchanged, compared to its average volume of 12,682. FRMO has a fifty-two week low of $6.91 and a fifty-two week high of $13.27. The business’s 50-day moving average is $9.88 and its two-hundred day moving average is $9.15.

FRMO Company Profile

FRMO Corporation, through Horizon Kinetics, LLC, operates as an investment advisory and independent research company. The company provides in-depth analysis of information-poor, under-researched companies, and strategies to identify the complex situations primarily to institutional investors. FRMO Corporation was incorporated in 1993 and is based in White Plains, New York.