Farmmi, Inc. (NASDAQ:FAMI) Short Interest Up 240.0% in October

Farmmi, Inc. (NASDAQ:FAMI) was the recipient of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 571,600 shares, a growth of 240.0% from the October 15th total of 168,100 shares. Currently, 5.4% of the company’s shares are short sold. Based on an average daily volume of 1,730,000 shares, the days-to-cover ratio is currently 0.3 days.

Farmmi Price Performance

NASDAQ:FAMI opened at $0.27 on Thursday. Farmmi has a fifty-two week low of $0.17 and a fifty-two week high of $2.35. The business has a 50 day moving average price of $0.28 and a 200-day moving average price of $0.51.

Farmmi Company Profile

Farmmi, Inc, through its subsidiaries, engages in processing and sale of agricultural products in China, the United States, Japan, Canada, Europe, Korea, and the Middle East. The company offers Shiitake mushrooms, Mu Er mushrooms, and other edible fungi, such as bamboo fungi, agrocybe aegerila, pleurotus eryngii, grifola frondose, coprinus comatus, and hericium erinaceus, as well as dried edible fungi.