FRMO Co. (OTCMKTS:FRMO) Sees Large Decrease in Short Interest

FRMO Co. (OTCMKTS:FRMO) was the target of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 300 shares, a decrease of 72.7% from the January 31st total of 1,100 shares. Based on an average daily trading volume, of 19,300 shares, the days-to-cover ratio is presently 0.0 days.

FRMO Price Performance

Shares of FRMO stock traded down $0.16 during mid-day trading on Friday, hitting $9.06. The stock had a trading volume of 29,837 shares, compared to its average volume of 12,911. FRMO has a 12-month low of $6.91 and a 12-month high of $13.27. The firm’s 50-day moving average is $9.91 and its two-hundred day moving average is $9.14.

FRMO Company Profile

FRMO Corporation, through Horizon Kinetics, LLC, operates as an investment advisory and independent research company. The company provides in-depth analysis of information-poor, under-researched companies, and strategies to identify the complex situations primarily to institutional investors. FRMO Corporation was incorporated in 1993 and is based in White Plains, New York.