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

Farmmi, Inc. (NASDAQ:FAMI) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 86,162 shares, a decline of 86.2% from the June 30th total of 623,444 shares. Based on an average daily volume of 793,654 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.6% of the shares of the stock are sold short.

Farmmi Trading Down 1.2%

NASDAQ FAMI traded down $0.00 during trading hours on Friday, reaching $0.19. 556,382 shares of the stock traded hands, compared to its average volume of 1,207,096. The stock has a 50 day simple moving average of $0.85 and a two-hundred day simple moving average of $1.14. Farmmi has a 1 year low of $0.18 and a 1 year high of $2.10.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Farmmi from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

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.