FRMO Co. (OTCMKTS:FRMO – Get Free Report) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 300 shares, a decrease of 43.6% from the July 30th total of 532 shares. Based on an average daily volume of 16,206 shares, the days-to-cover ratio is presently 0.0 days.
FRMO Trading Up 1.2%
Shares of OTCMKTS:FRMO traded up $0.09 during trading on Monday, reaching $7.40. 1,090 shares of the stock traded hands, compared to its average volume of 13,189. FRMO has a 52-week low of $6.21 and a 52-week high of $9.10. The stock has a 50-day moving average of $7.07 and a two-hundred day moving average of $7.20.
About FRMO
FRMO Corporation (OTCMKTS:FRMO) is a diversified holding company based in Bloomfield Hills, Michigan. The company seeks long-term capital appreciation by acquiring, incubating and supporting a range of businesses and investments across public equities, private ventures, commercial real estate and special situations. With a flexible investment mandate, FRMO allocates capital to sectors and asset classes it considers undervalued or poised for future growth.
Through its wholly owned subsidiaries and strategic partnerships, FRMO’s portfolio spans multiple industries, including software and technology services, digital media, consumer products and real estate development.
Read More
- Five stocks we like better than FRMO
- Insider Confidence Is Building in These 3 Very Different Stocks
- The SaaSpocalypse Trade Is Cracking, and These 5 Stocks Are Leading Higher
- Microsoft’s Split Verdict Tests Investing Without a Fed Safety Net
- Broadcom’s Earnings Test Comes With a Higher Bar After NVIDIA’s Blowout
Receive News & Ratings for FRMO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FRMO and related companies with MarketBeat.com's FREE daily email newsletter.
