Farmmi Inc (NASDAQ:FAMI) was the recipient of a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 163,300 shares, a decrease of 28.2% from the April 30th total of 227,400 shares. Based on an average trading volume of 218,900 shares, the short-interest ratio is presently 0.7 days. Approximately 8.5% of the shares of the stock are short sold.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Deutsche Bank AG boosted its stake in shares of Farmmi by 800.7% in the fourth quarter. Deutsche Bank AG now owns 247,833 shares of the company’s stock worth $1,006,000 after acquiring an additional 220,318 shares during the period. Two Sigma Investments LP bought a new position in shares of Farmmi in the fourth quarter worth about $119,000. Finally, Squarepoint Ops LLC bought a new position in shares of Farmmi in the fourth quarter worth about $61,000. 0.42% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ FAMI traded up $0.19 during mid-day trading on Tuesday, reaching $2.04. The company’s stock had a trading volume of 31,629 shares, compared to its average volume of 213,974. Farmmi has a 52 week low of $1.81 and a 52 week high of $8.70.
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Farmmi, Inc processes and sells agricultural products in China, the United States, Japan, Canada, Europe, and the Middle East. The company offers shiitake and Mu Er mushrooms; and other edible fungi products, including bamboo fungi, agrocybe aegerila, pleurotus eryngii, grifola frondosa, coprinus comatus, and hericium erinaceus.
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