Short Interest in Agrify Co. (NASDAQ:AGFY) Increases By 47.6%

Agrify Co. (NASDAQ:AGFY) saw a significant growth in short interest in August. As of August 31st, there was short interest totalling 219,700 shares, a growth of 47.6% from the August 15th total of 148,800 shares. Approximately 4.1% of the shares of the stock are short sold. Based on an average trading volume of 5,060,000 shares, the short-interest ratio is presently 0.0 days.

Agrify Stock Up 2.6 %

Shares of NASDAQ:AGFY opened at $0.25 on Friday. Agrify has a 52-week low of $0.23 and a 52-week high of $3.29. The firm has a fifty day moving average of $0.27 and a 200 day moving average of $0.32. The firm has a market capitalization of $3.61 million, a PE ratio of -0.05 and a beta of 2.04. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.09 and a current ratio of 0.82.

Agrify (NASDAQ:AGFY) last announced its earnings results on Wednesday, August 14th. The company reported ($0.13) earnings per share (EPS) for the quarter. The company had revenue of $2.99 million for the quarter.

Institutional Trading of Agrify

An institutional investor recently raised its position in Agrify stock. AXS Investments LLC raised its holdings in shares of Agrify Co. (NASDAQ:AGFY) by 47.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,016 shares of the company’s stock after buying an additional 15,356 shares during the period. AXS Investments LLC owned about 2.82% of Agrify worth $58,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 5.98% of the company’s stock.

Agrify Company Profile

Agrify Corporation offers hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. It 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.