Farmmi, Inc. (NASDAQ:FAMI) Short Interest Up 117.8% in March

Farmmi, Inc. (NASDAQ:FAMI) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 94,100 shares, an increase of 117.8% from the February 29th total of 43,200 shares. Based on an average daily volume of 367,600 shares, the days-to-cover ratio is presently 0.3 days. Approximately 1.5% of the shares of the company are sold short.

Farmmi Price Performance

Shares of FAMI stock traded down $0.01 during midday trading on Thursday, hitting $0.83. 45,916 shares of the company were exchanged, compared to its average volume of 381,899. The company has a debt-to-equity ratio of 0.01, a quick ratio of 14.40 and a current ratio of 14.76. Farmmi has a 52 week low of $0.77 and a 52 week high of $5.15. The firm’s 50 day moving average price is $1.06 and its two-hundred day moving average price is $1.27.

Hedge Funds Weigh In On Farmmi

Several hedge funds have recently bought and sold shares of the company. Invesco Ltd. acquired a new stake in shares of Farmmi in the 1st quarter valued at approximately $103,000. Renaissance Technologies LLC lifted its stake in shares of Farmmi by 13.7% in the 4th quarter. Renaissance Technologies LLC now owns 171,307 shares of the company’s stock valued at $69,000 after acquiring an additional 20,624 shares during the last quarter. Finally, Virtu Financial LLC boosted its holdings in shares of Farmmi by 86.1% during the 2nd quarter. Virtu Financial LLC now owns 79,087 shares of the company’s stock valued at $83,000 after acquiring an additional 36,587 shares in the last quarter. 0.28% of the stock is owned by institutional investors.

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.