Farmmi (NASDAQ:FAMI) Trading Down 2.2% – Here’s Why

Farmmi, Inc. (NASDAQ:FAMI)’s share price was down 2.2% during mid-day trading on Monday . The stock traded as low as $1.77 and last traded at $1.81. Approximately 130,454 shares were traded during trading, an increase of 256% from the average daily volume of 36,655 shares. The stock had previously closed at $1.85.

Farmmi Stock Performance

The business’s 50-day simple moving average is $1.84 and its two-hundred day simple moving average is $2.18.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Farmmi stock. Citadel Advisors LLC purchased a new position in Farmmi, Inc. (NASDAQ:FAMI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 101,184 shares of the company’s stock, valued at approximately $30,000. Citadel Advisors LLC owned about 0.95% of Farmmi as of its most recent SEC filing. 0.28% of the stock is currently owned by institutional investors and hedge funds.

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.