FRMO Co. (OTCMKTS:FRMO) Sees Large Decrease in Short Interest

FRMO Co. (OTCMKTS:FRMO) was the recipient of a large decrease in short interest in February. As of February 15th, there was short interest totalling 300 shares, a decrease of 72.7% from the January 31st total of 1,100 shares. Based on an average daily volume of 19,300 shares, the short-interest ratio is presently 0.0 days.

FRMO Price Performance

Shares of FRMO stock traded up $0.01 during trading hours on Friday, reaching $9.07. The company had a trading volume of 4,015 shares, compared to its average volume of 12,682. The stock’s fifty day simple moving average is $9.88 and its 200 day simple moving average is $9.15. FRMO has a twelve month low of $6.91 and a twelve month high of $13.27.

About FRMO

FRMO Corporation, through Horizon Kinetics, LLC, operates as an investment advisory and independent research company. The company provides in-depth analysis of information-poor, under-researched companies, and strategies to identify the complex situations primarily to institutional investors. FRMO Corporation was incorporated in 1993 and is based in White Plains, New York.