Agrify Co. (NASDAQ:AGFY) Short Interest Up 1,969.4% in January

Agrify Co. (NASDAQ:AGFYGet Free Report) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 358,000 shares, a growth of 1,969.4% from the January 15th total of 17,300 shares. Currently, 8.8% of the shares of the stock are sold short. Based on an average trading volume of 2,520,000 shares, the short-interest ratio is currently 0.1 days.

Agrify Stock Performance

NASDAQ:AGFY opened at $0.66 on Tuesday. Agrify has a 52 week low of $0.50 and a 52 week high of $9.29. The stock’s fifty day moving average is $1.08 and its two-hundred day moving average is $1.85.

Agrify (NASDAQ:AGFYGet Free Report) last posted its quarterly earnings data on Wednesday, January 3rd. The company reported ($1.27) EPS for the quarter. The business had revenue of $3.14 million during the quarter.

Institutional Investors Weigh In On Agrify

A number of institutional investors and hedge funds have recently modified their holdings of the company. Millennium Management LLC acquired a new stake in Agrify during the 2nd quarter valued at $29,000. JPMorgan Chase & Co. raised its position in Agrify by 122.5% in the second quarter. JPMorgan Chase & Co. now owns 16,139 shares of the company’s stock valued at $32,000 after purchasing an additional 8,886 shares during the period. Private Advisor Group LLC acquired a new stake in shares of Agrify during the first quarter valued at about $101,000. Vident Investment Advisory LLC grew its stake in Agrify by 72.3% in the first quarter. Vident Investment Advisory LLC now owns 43,337 shares of the company’s stock worth $201,000 after purchasing an additional 18,178 shares in the last quarter. Finally, AXS Investments LLC grew its stake in Agrify by 47.0% in the fourth quarter. AXS Investments LLC now owns 48,016 shares of the company’s stock worth $58,000 after purchasing an additional 15,356 shares in the last quarter.

Agrify Company Profile

(Get Free Report)

Agrify Corporation develops precision hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. The company offers vertical farming units and Agrify Insights Software-as-a-Service software; integrated grow racks and LED grow lights; and non-proprietary products designed, engineered, and manufactured by third parties, such as air cleaning systems and pesticide-free surface protection products.

Further Reading

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