Agrify Co. (NASDAQ:AGFY) Sees Large Growth in Short Interest

Agrify Co. (NASDAQ:AGFY) saw a significant growth in short interest during the month of 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. Based on an average daily volume of 5,060,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 4.1% of the shares of the company are short sold.

Agrify Trading Up 2.6 %

NASDAQ:AGFY opened at $0.25 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.09 and a debt-to-equity ratio of 0.50. Agrify has a 12 month low of $0.23 and a 12 month high of $3.29. The company has a market cap of $3.61 million, a PE ratio of -0.05 and a beta of 2.04. The company has a 50 day simple moving average of $0.27 and a two-hundred day simple moving average of $0.32.

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 Investors Weigh In On Agrify

A hedge fund recently raised its stake in Agrify stock. AXS Investments LLC boosted its holdings in shares of Agrify Co. (NASDAQ:AGFY) by 47.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,016 shares of the company’s stock after purchasing an additional 15,356 shares during the quarter. AXS Investments LLC owned about 2.82% of Agrify worth $58,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.