Short Interest in Farmers and Merchants Bancshares, Inc. (OTCMKTS:FMFG) Expands By 100.0%

Farmers and Merchants Bancshares, Inc. (OTCMKTS:FMFG) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 400 shares, a growth of 100.0% from the February 13th total of 200 shares. Based on an average daily volume of 1,500 shares, the short-interest ratio is currently 0.3 days.

Farmers and Merchants Bancshares Stock Performance

OTCMKTS:FMFG opened at $16.50 on Friday. Farmers and Merchants Bancshares has a 12-month low of $12.51 and a 12-month high of $26.00. The stock’s fifty day simple moving average is $17.04 and its 200-day simple moving average is $16.27.

About Farmers and Merchants Bancshares

Farmers and Merchants Bancshares, Inc operates as the bank holding company for Farmers and Merchants Bank that provides commercial and retail banking services to individuals and businesses in Baltimore and Carroll counties in Maryland and surrounding areas of northern Maryland. It offers checking, savings, money market, individual retirement, and sweep accounts, as well as certificates of deposit, remote check deposits, and repurchase agreements.