Farmmi Inc (NASDAQ:FAMI) was the target of a large decrease in short interest in the month of November. As of November 29th, there was short interest totalling 93,200 shares, a decrease of 10.4% from the November 14th total of 104,000 shares. Currently, 3.2% of the company’s shares are sold short. Based on an average daily volume of 50,000 shares, the days-to-cover ratio is presently 1.9 days.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC grew its holdings in shares of Farmmi by 1,356.9% during the 2nd quarter. Citadel Advisors LLC now owns 234,758 shares of the company’s stock worth $425,000 after purchasing an additional 218,645 shares during the period. CVI Holdings LLC purchased a new position in shares of Farmmi during the 2nd quarter worth $181,000. Finally, Jane Street Group LLC grew its holdings in shares of Farmmi by 64.9% during the 2nd quarter. Jane Street Group LLC now owns 40,646 shares of the company’s stock worth $74,000 after purchasing an additional 15,990 shares during the period. Institutional investors and hedge funds own 3.72% of the company’s stock.
Shares of NASDAQ FAMI traded down $0.10 during mid-day trading on Friday, reaching $0.92. 284,353 shares of the company’s stock were exchanged, compared to its average volume of 87,188. Farmmi has a 52-week low of $0.91 and a 52-week high of $5.03. The company’s 50-day moving average is $1.31 and its 200-day moving average is $1.53.
Farmmi, Inc processes and sells agricultural products in China, the United States, Japan, Canada, Europe, and the Middle East. The company offers shiitake and Mu Er mushrooms; and other edible fungi products, including bamboo fungi, agrocybe aegerila, pleurotus eryngii, grifola frondosa, coprinus comatus, and hericium erinaceus.
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