Farmmi, Inc. (NASDAQ:FAMI) Short Interest Up 15,985.2% in January

Farmmi, Inc. (NASDAQ:FAMI) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 288,891 shares, a growth of 15,985.2% from the December 31st total of 1,796 shares. Based on an average daily trading volume, of 998,507 shares, the days-to-cover ratio is presently 0.3 days. Approximately 22.3% of the company’s stock are short sold. Approximately 22.3% of the company’s stock are short sold. Based on an average daily trading volume, of 998,507 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Farmmi in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Farmmi Stock Down 8.0%

Shares of FAMI stock opened at $1.50 on Thursday. The stock’s 50-day moving average is $1.42 and its 200 day moving average is $1.64. Farmmi has a 1-year low of $1.11 and a 1-year high of $3.44.

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.