Short Interest in Agrify Co. (NASDAQ:AGFY) Expands By 24.4%

Agrify Co. (NASDAQ:AGFY) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 32,100 shares, an increase of 24.4% from the December 31st total of 25,800 shares. Based on an average daily volume of 547,500 shares, the days-to-cover ratio is presently 0.1 days. Approximately 3.8% of the company’s shares are short sold.

Agrify Price Performance

AGFY opened at $23.71 on Monday. The business’s 50-day moving average is $32.10 and its two-hundred day moving average is $14.97. Agrify has a 1 year low of $2.71 and a 1 year high of $84.44. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.75 and a quick ratio of 0.10. The firm has a market capitalization of $36.28 million, a PE ratio of -1.69 and a beta of 10.44.

Insider Transactions at Agrify

In related news, Director Max Holtzman sold 1,097 shares of Agrify stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $41.71, for a total value of $45,755.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David Aaron Kessler sold 13,598 shares of Agrify stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $37.44, for a total value of $509,109.12. The disclosure for this sale can be found here. Corporate insiders own 51.00% of the company’s stock.

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.