AGM Group Holdings Inc. (NASDAQ:AGMH) Sees Significant Increase in Short Interest

AGM Group Holdings Inc. (NASDAQ:AGMH) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 37,800 shares, an increase of 18.1% from the October 15th total of 32,000 shares. Based on an average daily trading volume, of 115,100 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

AGM Group Stock Performance

Shares of NASDAQ AGMH opened at $1.72 on Friday. The company’s 50 day simple moving average is $1.69 and its 200 day simple moving average is $1.16. AGM Group has a fifty-two week low of $0.46 and a fifty-two week high of $2.20.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in AGM Group stock. Virtu Financial LLC acquired a new stake in shares of AGM Group Holdings Inc. (NASDAQ:AGMH) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 18,556 shares of the company’s stock, valued at approximately $28,000.

AGM Group Company Profile

AGM Group Holdings Inc operates as a technology company, engages in the research and development of blockchain-oriented ASIC chip in Singapore, Hong Kong, and China. The company offers MetaTrader 5, a futures trading solution; and foreign exchange trading system that provides services to financial institutions.