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

Farmmi, Inc. (NASDAQ:FAMI) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 91,000 shares, a decline of 82.2% from the February 28th total of 512,600 shares. Based on an average trading volume of 270,900 shares, the days-to-cover ratio is currently 0.3 days. Approximately 7.3% of the company’s stock are sold short.

Farmmi Trading Down 8.0 %

Shares of NASDAQ:FAMI traded down $0.15 during trading on Friday, hitting $1.73. 23,873 shares of the company were exchanged, compared to its average volume of 112,941. The firm’s 50 day moving average price is $2.79 and its 200-day moving average price is $3.25. Farmmi has a 12-month low of $1.43 and a 12-month high of $11.28. The company has a quick ratio of 15.55, a current ratio of 16.10 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On Farmmi

An institutional investor recently bought a new position in Farmmi stock. Citadel Advisors LLC acquired a new position in shares of Farmmi, Inc. (NASDAQ:FAMI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 101,184 shares of the company’s stock, valued at approximately $30,000. Citadel Advisors LLC owned approximately 0.95% of Farmmi at the end of the most recent reporting period. 0.28% of the stock is currently owned by institutional investors.

About Farmmi

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.