Farmmi, Inc. (NASDAQ:FAMI) Sees Significant Growth in Short Interest

Farmmi, Inc. (NASDAQ:FAMI) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 288,891 shares, an increase of 15,985.2% from the December 31st total of 1,796 shares. Currently, 22.3% of the company’s shares are short sold. Based on an average daily volume of 998,507 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 998,507 shares, the short-interest ratio is presently 0.3 days. Currently, 22.3% of the company’s shares are short sold.

Farmmi Stock Up 12.4%

NASDAQ:FAMI opened at $1.63 on Wednesday. Farmmi has a 52 week low of $1.11 and a 52 week high of $3.44. The firm’s fifty day moving average is $1.42 and its 200-day moving average is $1.64.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Farmmi in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Farmmi presently has an average 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.