FRMO Co. (OTCMKTS:FRMO – Get Free Report) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 201 shares, a drop of 33.0% from the August 15th total of 300 shares. Based on an average daily trading volume, of 17,182 shares, the days-to-cover ratio is currently 0.0 days.
FRMO Trading Down 1.4%
OTCMKTS:FRMO opened at $6.90 on Thursday. FRMO has a twelve month low of $6.21 and a twelve month high of $9.01. The company has a fifty day moving average of $7.17 and a 200-day moving average of $7.17.
FRMO Company Profile
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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