FRMO Co. (OTCMKTS:FRMO – Get Free Report) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 1,206 shares, a growth of ? from the April 30th total of 0 shares. Based on an average trading volume of 33,529 shares, the short-interest ratio is presently 0.0 days.
FRMO Stock Performance
FRMO stock traded down $0.12 during mid-day trading on Monday, hitting $6.58. The company’s stock had a trading volume of 13,138 shares, compared to its average volume of 15,541. The business has a 50 day moving average price of $7.17 and a 200-day moving average price of $7.49. FRMO has a 12 month low of $6.51 and a 12 month high of $9.69.
About FRMO
FRMO Corporation (OTCMKTS:FRMO) is a diversified holding company based in Bloomfield Hills, Michigan. The company seeks long-term capital appreciation by acquiring, incubating and supporting a range of businesses and investments across public equities, private ventures, commercial real estate and special situations. With a flexible investment mandate, FRMO allocates capital to sectors and asset classes it considers undervalued or poised for future growth.
Through its wholly owned subsidiaries and strategic partnerships, FRMO’s portfolio spans multiple industries, including software and technology services, digital media, consumer products and real estate development.
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