Farmmi, Inc. (NASDAQ:FAMI) Short Interest Update

Farmmi, Inc. (NASDAQ:FAMI) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 97,687 shares, a drop of 42.0% from the May 31st total of 168,378 shares. Based on an average daily volume of 99,519 shares, the short-interest ratio is presently 1.0 days. Currently, 1.8% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Farmmi in a research note on Monday, May 11th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Farmmi Trading Down 2.1%

Shares of FAMI traded down $0.01 during trading hours on Wednesday, hitting $0.23. The company’s stock had a trading volume of 840,076 shares, compared to its average volume of 286,750. The company has a debt-to-equity ratio of 0.01, a current ratio of 9.35 and a quick ratio of 9.20. The business has a 50 day simple moving average of $1.22 and a two-hundred day simple moving average of $1.29. Farmmi has a 52-week low of $0.23 and a 52-week high of $2.17.

About Farmmi

Farmmi, Inc is a China-based agricultural company primarily engaged in the cultivation, processing and sale of edible fungi. The company’s product portfolio spans fresh and dried mushrooms—including shiitake, oyster and wood ear varieties—along with a range of value-added plant-based foods such as vermicelli and other specialty grain products. Farmmi operates integrated facilities that cover seedling cultivation, mushroom production and downstream processing, allowing for quality control and traceability throughout its supply chain.

Headquartered in Lishui, Zhejiang Province, Farmmi has developed a network of farms, processing plants and sales offices across multiple provinces in the People’s Republic of China.