Short Interest in First Farmers Financial Co. (OTCMKTS:FFMR) Rises By 70.7%

First Farmers Financial Co. (OTCMKTS:FFMR) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 128 shares, an increase of 70.7% from the May 14th total of 75 shares. Based on an average trading volume of 327 shares, the short-interest ratio is presently 0.4 days.

First Farmers Financial Price Performance

OTCMKTS FFMR remained flat at $67.01 during trading hours on Monday. 25 shares of the company’s stock traded hands, compared to its average volume of 2,489. The firm has a fifty day moving average of $66.58 and a 200 day moving average of $66.26. First Farmers Financial has a one year low of $64.10 and a one year high of $69.89.

First Farmers Financial announced that its board has authorized a stock buyback plan on Tuesday, February 17th that permits the company to repurchase $4.00 million in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

About First Farmers Financial

First Farmers Financial Corporation is a bank holding company based in Hamilton, Indiana, serving the financial needs of rural and suburban communities across Central Indiana and Northwest Ohio. It operates through its primary subsidiary, First Farmers Bank & Trust, which provides a range of community banking and trust services designed to support individuals, families, businesses, and agricultural enterprises.

The company’s core business activities include traditional deposit and lending services.