Farmmi, Inc. (NASDAQ:FAMI) Sees Large Decline in Short Interest

Farmmi, Inc. (NASDAQ:FAMI) saw a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 63,800 shares, a decrease of 29.9% from the March 15th total of 91,000 shares. Based on an average daily volume of 270,700 shares, the short-interest ratio is presently 0.2 days. Approximately 5.1% of the shares of the stock are short sold.

Farmmi Price Performance

FAMI traded up $0.03 on Friday, reaching $1.68. The company had a trading volume of 7,403 shares, compared to its average volume of 115,016. The company has a current ratio of 16.10, a quick ratio of 15.55 and a debt-to-equity ratio of 0.01. Farmmi has a 52-week low of $1.43 and a 52-week high of $11.28. The business has a 50 day simple moving average of $2.24 and a 200 day simple moving average of $3.09.

Institutional Trading of Farmmi

An institutional investor recently bought a new position in Farmmi stock. Citadel Advisors LLC purchased a new stake in shares of Farmmi, Inc. (NASDAQ:FAMI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 101,184 shares of the company’s stock, valued at approximately $30,000. Citadel Advisors LLC owned approximately 0.95% of Farmmi as of its most recent SEC filing. 0.28% of the stock is currently owned by institutional investors and hedge funds.

Farmmi Company Profile

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.