Short Interest in FRMO Co. (OTCMKTS:FRMO) Decreases By 92.9%

FRMO Co. (OTCMKTS:FRMO) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totalling 100 shares, a decrease of 92.9% from the June 30th total of 1,400 shares. Based on an average trading volume of 14,800 shares, the days-to-cover ratio is presently 0.0 days.

FRMO Stock Performance

Shares of FRMO traded up $0.01 during mid-day trading on Thursday, hitting $7.47. 1,200 shares of the company traded hands, compared to its average volume of 19,296. FRMO has a 1-year low of $6.28 and a 1-year high of $8.98. The business has a 50 day moving average of $7.39 and a 200 day moving average of $7.33.

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.