Short Interest in Farmmi, Inc. (NASDAQ:FAMI) Decreases By 29.8%

Farmmi, Inc. (NASDAQ:FAMI) was the recipient of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 646,400 shares, a decrease of 29.8% from the January 31st total of 921,400 shares. Based on an average daily trading volume, of 1,950,000 shares, the short-interest ratio is currently 0.3 days. Approximately 4.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Farmmi stock. Citadel Advisors LLC acquired a new stake in shares of Farmmi, Inc. (NASDAQ:FAMI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 101,184 shares of the company’s stock, valued at approximately $30,000. Citadel Advisors LLC owned 0.95% of Farmmi as of its most recent SEC filing. 0.28% of the stock is owned by hedge funds and other institutional investors.

Farmmi Stock Down 4.8 %

Farmmi stock traded down $0.01 during midday trading on Tuesday, reaching $0.22. 247,919 shares of the company traded hands, compared to its average volume of 2,898,161. The business has a 50 day moving average of $0.28 and a two-hundred day moving average of $0.29. Farmmi has a 12 month low of $0.17 and a 12 month high of $1.10. The company has a quick ratio of 15.55, a current ratio of 16.10 and a debt-to-equity ratio of 0.01.

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.