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.
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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