Short Interest in Farmers and Merchants Bancshares, Inc. (OTCMKTS:FMFG) Increases By 100.0%

Farmers and Merchants Bancshares, Inc. (OTCMKTS:FMFG) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 400 shares, a growth of 100.0% from the February 13th total of 200 shares. Based on an average daily trading volume, of 1,500 shares, the days-to-cover ratio is currently 0.3 days.

Farmers and Merchants Bancshares Price Performance

OTCMKTS:FMFG traded down $0.50 during mid-day trading on Friday, reaching $16.50. The company’s stock had a trading volume of 200 shares, compared to its average volume of 800. The firm’s fifty day moving average price is $17.04 and its two-hundred day moving average price is $16.27. Farmers and Merchants Bancshares has a 12-month low of $12.51 and a 12-month high of $26.00.

About Farmers and Merchants Bancshares

Farmers and Merchants Bancshares, Inc operates as the bank holding company for Farmers and Merchants Bank that provides commercial and retail banking services to individuals and businesses in Baltimore and Carroll counties in Maryland and surrounding areas of northern Maryland. It offers checking, savings, money market, individual retirement, and sweep accounts, as well as certificates of deposit, remote check deposits, and repurchase agreements.