Agrify Co. (NASDAQ:AGFY) Sees Significant Decrease in Short Interest

Agrify Co. (NASDAQ:AGFY) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 76,900 shares, a drop of 75.7% from the March 31st total of 315,900 shares. Based on an average daily volume of 2,730,000 shares, the short-interest ratio is presently 0.0 days. Currently, 1.6% of the company’s stock are short sold.

Agrify Trading Up 6.4 %

Shares of AGFY stock opened at $0.29 on Friday. The firm’s fifty day moving average price is $0.41 and its two-hundred day moving average price is $1.04. Agrify has a 1 year low of $0.25 and a 1 year high of $5.40. The firm has a market capitalization of $4.04 million, a P/E ratio of -0.02 and a beta of 1.91.

Agrify (NASDAQ:AGFY) last released its earnings results on Monday, April 15th. The company reported $0.35 earnings per share (EPS) for the quarter. The company had revenue of $2.86 million during the quarter.

Institutional Investors Weigh In On Agrify

An institutional investor recently raised its position in Agrify stock. AXS Investments LLC increased its position in Agrify Co. (NASDAQ:AGFY) by 47.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 48,016 shares of the company’s stock after purchasing an additional 15,356 shares during the quarter. AXS Investments LLC owned approximately 2.82% of Agrify worth $58,000 as of its most recent SEC filing. 5.98% of the stock is currently owned by institutional investors.

Agrify Company Profile

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.