Farmmi Inc (NASDAQ:FAMI) Short Interest Down 10.4% in November

Farmmi Inc (NASDAQ:FAMI) saw a large decrease in short interest in the month of November. As of November 29th, there was short interest totalling 93,200 shares, a decrease of 10.4% from the November 14th total of 104,000 shares. Approximately 3.2% of the company’s stock are sold short. Based on an average daily volume of 50,000 shares, the days-to-cover ratio is currently 1.9 days.

NASDAQ FAMI traded down $0.10 during trading hours on Friday, hitting $0.92. 284,300 shares of the company were exchanged, compared to its average volume of 121,602. The company has a 50 day moving average of $1.33 and a two-hundred day moving average of $1.54. Farmmi has a 52-week low of $0.91 and a 52-week high of $5.03.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC grew its position in shares of Farmmi by 1,356.9% during the second quarter. Citadel Advisors LLC now owns 234,758 shares of the company’s stock worth $425,000 after buying an additional 218,645 shares in the last quarter. Jane Street Group LLC raised its holdings in Farmmi by 64.9% in the second quarter. Jane Street Group LLC now owns 40,646 shares of the company’s stock valued at $74,000 after acquiring an additional 15,990 shares in the last quarter. Finally, CVI Holdings LLC purchased a new position in Farmmi in the second quarter worth approximately $181,000. Institutional investors and hedge funds own 3.72% of the company’s stock.

About Farmmi

Farmmi, Inc processes and sells agricultural products in China, the United States, Japan, Canada, Europe, and the Middle East. The company offers shiitake and Mu Er mushrooms; and other edible fungi products, including bamboo fungi, agrocybe aegerila, pleurotus eryngii, grifola frondosa, coprinus comatus, and hericium erinaceus.

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