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

AGM Group Holdings Inc. (NASDAQ:AGMH) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 154,600 shares, a growth of 295.4% from the December 15th total of 39,100 shares. Based on an average trading volume of 90,600 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.9% of the company’s shares are short sold.

Institutional Investors Weigh In On AGM Group

An institutional investor recently bought a new position in AGM Group stock. Virtu Financial LLC purchased a new stake in AGM Group Holdings Inc. (NASDAQ:AGMH) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 18,456 shares of the company’s stock, valued at approximately $32,000. Virtu Financial LLC owned approximately 0.07% of AGM Group as of its most recent SEC filing.

AGM Group Stock Performance

AGMH stock traded down $0.04 during mid-day trading on Monday, hitting $1.30. 3,622 shares of the company were exchanged, compared to its average volume of 16,200. AGM Group has a 1-year low of $0.46 and a 1-year high of $2.20. The firm’s 50 day simple moving average is $1.63 and its 200 day simple moving average is $1.35.

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.