Farmmi, Inc. (NASDAQ:FAMI) Short Interest Up 538.2% in June

Farmmi, Inc. (NASDAQ:FAMI) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 623,444 shares, an increase of 538.2% from the June 15th total of 97,687 shares. Currently, 4.6% of the shares of the company are short sold. Based on an average daily trading volume, of 1,386,035 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Farmmi from a “sell (e+)” rating to a “sell (e)” rating in a report on Thursday, July 2nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Farmmi presently has a consensus rating of “Sell”.

Farmmi Stock Down 6.2%

FAMI traded down $0.01 during trading on Monday, reaching $0.19. 419,676 shares of the stock were exchanged, compared to its average volume of 322,882. Farmmi has a 1 year low of $0.18 and a 1 year high of $2.12. The business’s 50 day moving average price is $1.06 and its two-hundred day moving average price is $1.22.

Farmmi Company Profile

Farmmi, Inc is a China-based agricultural company primarily engaged in the cultivation, processing and sale of edible fungi. The company’s product portfolio spans fresh and dried mushrooms—including shiitake, oyster and wood ear varieties—along with a range of value-added plant-based foods such as vermicelli and other specialty grain products. Farmmi operates integrated facilities that cover seedling cultivation, mushroom production and downstream processing, allowing for quality control and traceability throughout its supply chain.

Headquartered in Lishui, Zhejiang Province, Farmmi has developed a network of farms, processing plants and sales offices across multiple provinces in the People’s Republic of China.