Short Interest in FRMO Co. (OTCMKTS:FRMO) Rises By 650.0%

FRMO Co. (OTCMKTS:FRMO) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 1,500 shares, an increase of 650.0% from the May 31st total of 200 shares. Based on an average daily volume of 51,700 shares, the days-to-cover ratio is presently 0.0 days.

FRMO Trading Up 1.2 %

OTCMKTS FRMO opened at $7.64 on Friday. FRMO has a one year low of $6.28 and a one year high of $8.98. The stock has a 50-day moving average of $7.30 and a 200 day moving average of $7.21.

About FRMO

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.