First Farmers and Merchants Co. (OTCMKTS:FFMH) Sees Large Drop in Short Interest

First Farmers and Merchants Co. (OTCMKTS:FFMH) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 1 shares, a decline of 98.0% from the May 31st total of 50 shares. Based on an average trading volume of 1,297 shares, the days-to-cover ratio is currently 0.0 days.

First Farmers and Merchants Stock Performance

Shares of FFMH remained flat at $57.75 during mid-day trading on Thursday. The company’s 50-day simple moving average is $56.38 and its two-hundred day simple moving average is $52.99. First Farmers and Merchants has a 12-month low of $38.70 and a 12-month high of $57.75.

First Farmers and Merchants Company Profile

First Farmers and Merchants Corporation operates as the bank holding company for First Farmers and Merchants Bank that provides various banking and financial services in Middle Tennessee and Northern Alabama. The company's deposit products include personal and business checking and savings, and individual retirement and investment accounts, as well as certificates of deposit. Its loan portfolio comprises personal mortgages; home equity lines of credit; debit and credit cards; personal, auto, and farmer loans; and business loans, such as commercial mortgages, equipment lending and leasing, construction lending, accounts receivable financing, lines of credit, and other products.