Short Interest in Agrify Co. (NASDAQ:AGFY) Drops By 38.2%

Agrify Co. (NASDAQ:AGFY) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 78,100 shares, a decline of 38.2% from the November 15th total of 126,300 shares. Approximately 26.0% of the company’s shares are short sold. Based on an average daily volume of 539,200 shares, the short-interest ratio is presently 0.1 days.

Agrify Stock Up 15.4 %

Shares of AGFY stock traded up $5.47 during trading hours on Friday, hitting $41.01. 116,304 shares of the company’s stock traded hands, compared to its average volume of 314,318. The company has a quick ratio of 0.10, a current ratio of 0.75 and a debt-to-equity ratio of 0.80. The stock’s fifty day simple moving average is $17.68 and its two-hundred day simple moving average is $8.95. Agrify has a 12-month low of $2.71 and a 12-month high of $84.44. The stock has a market cap of $62.75 million, a price-to-earnings ratio of -2.78 and a beta of 10.31.

Insider Activity

In other news, CEO Benjamin Kovler acquired 5,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was acquired at an average price of $45.89 per share, for a total transaction of $229,450.00. Following the completion of the acquisition, the chief executive officer now owns 15,000 shares in the company, valued at $688,350. This trade represents a 50.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David Aaron Kessler sold 13,598 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $37.44, for a total transaction of $509,109.12. The disclosure for this sale can be found here. Insiders own 51.00% 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.