Agrify Co. (NASDAQ:AGFY) Short Interest Update

Agrify Co. (NASDAQ:AGFY) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totalling 241,500 shares, a decline of 52.2% from the June 30th total of 505,600 shares. Based on an average trading volume of 5,300,000 shares, the short-interest ratio is currently 0.0 days. Currently, 2.5% of the company’s shares are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Agrify stock. AXS Investments LLC grew its position in Agrify Co. (NASDAQ:AGFY) by 47.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,016 shares of the company’s stock after purchasing an additional 15,356 shares during the period. AXS Investments LLC owned approximately 2.82% of Agrify worth $58,000 at the end of the most recent quarter. 5.98% of the stock is owned by institutional investors.

Agrify Trading Down 3.1 %

NASDAQ:AGFY opened at $0.28 on Friday. Agrify has a 1 year low of $0.25 and a 1 year high of $3.60. The stock has a market cap of $4.00 million, a price-to-earnings ratio of -0.05 and a beta of 2.04. The stock has a 50-day moving average price of $0.33 and a two-hundred day moving average price of $0.45.

About Agrify

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.