Short Interest in Farmmi, Inc. (NASDAQ:FAMI) Declines By 29.8%

Farmmi, Inc. (NASDAQ:FAMI) was the recipient of a significant decline in short interest in February. As of February 15th, there was short interest totalling 646,400 shares, a decline of 29.8% from the January 31st total of 921,400 shares. Based on an average daily trading volume, of 1,950,000 shares, the days-to-cover ratio is presently 0.3 days. Approximately 4.5% of the shares of the stock are sold short.

Farmmi Price Performance

Farmmi stock traded up $0.00 during mid-day trading on Wednesday, reaching $0.22. 185,067 shares of the company’s stock traded hands, compared to its average volume of 2,833,568. The company has a debt-to-equity ratio of 0.01, a current ratio of 16.10 and a quick ratio of 15.55. Farmmi has a 12-month low of $0.17 and a 12-month high of $1.04. The stock has a 50 day moving average of $0.28 and a two-hundred day moving average of $0.29.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Farmmi stock. Citadel Advisors LLC bought a new position in shares of Farmmi, Inc. (NASDAQ:FAMI) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 101,184 shares of the company’s stock, valued at approximately $30,000. Citadel Advisors LLC owned approximately 0.95% of Farmmi at the end of the most recent reporting period. 0.28% of the stock is currently owned by institutional investors and hedge funds.

About Farmmi

Farmmi, Inc, through its subsidiaries, engages in processing and sale of agricultural products in China, the United States, Japan, Canada, Europe, Korea, and the Middle East. The company offers Shiitake mushrooms, Mu Er mushrooms, and other edible fungi, such as bamboo fungi, agrocybe aegerila, pleurotus eryngii, grifola frondose, coprinus comatus, and hericium erinaceus, as well as dried edible fungi.