AGM Group Holdings Inc. (NASDAQ:AGMH) Sees Significant Growth in Short Interest

AGM Group Holdings Inc. (NASDAQ:AGMH – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 355,300 shares, an increase of 504.8% from the August 31st total of 58,750 shares. Based on an average trading volume of 1,103,403 shares, the short-interest ratio is currently 0.3 days. Approximately 16.9% of the company’s stock are sold short.

AGM Group Stock Performance

Shares of AGMH opened at $0.77 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 13.27 and a quick ratio of 11.46. The firm has a 50 day moving average of $0.92 and a 200 day moving average of $1.02. AGM Group has a twelve month low of $0.48 and a twelve month high of $9.60.

AGM Group (NASDAQ:AGMH – Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The company reported $1.18 earnings per share for the quarter. The firm had revenue of $5.13 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded AGM Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, August 28th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

View Our Latest Report on AGMH

AGM Group Company Profile

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AGM Group Holdings Inc (NASDAQ: AGMH) is a technology company focused primarily on blockchain and high-performance computing applications. Its business activities include the design, development and sale of application-specific integrated circuit (ASIC) cryptocurrency mining machines and related computing hardware.

The company has also described operations involving financial technology software and hardware, reflecting its earlier focus on technology solutions for financial services. Its blockchain-related products are intended to support cryptocurrency mining and other computational workloads.

AGM Group Holdings is incorporated in the Cayman Islands and has operated from Hong Kong.

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