Agrify Co. (NASDAQ:AGFY) Short Interest Update

Agrify Co. (NASDAQ:AGFY) was the target of a large growth in short interest in 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. Currently, 4.1% of the shares of the stock are sold short. Based on an average trading volume of 5,060,000 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Agrify stock. AXS Investments LLC lifted its stake in Agrify Co. (NASDAQ:AGFY) by 47.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,016 shares of the company’s stock after purchasing an additional 15,356 shares during the quarter. AXS Investments LLC owned 2.82% of Agrify worth $58,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 5.98% of the company’s stock.

Agrify Trading Up 2.6 %

Shares of AGFY stock opened at $0.25 on Monday. Agrify has a 12-month low of $0.23 and a 12-month high of $3.29. The company has a quick ratio of 0.09, a current ratio of 0.82 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $0.27 and a two-hundred day moving average price of $0.32. The firm has a market cap of $3.61 million, a P/E ratio of -0.05 and a beta of 2.04.

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

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.