AGM Group Holdings Inc. (NASDAQ:AGMH) Shares Shorted: Short Interest Down 55.8% in September

AGM Group Holdings Inc. (NASDAQ:AGMH) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 157,194 shares, a drop of 55.8% from the September 15th total of 355,300 shares. Approximately 7.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 824,710 shares, the short-interest ratio is currently 0.2 days.

AGM Group Price Performance

Shares of NASDAQ:AGMH traded down $0.02 on Tuesday, reaching $0.52. The company had a trading volume of 66,817 shares, compared to its average volume of 600,665. The stock has a 50-day moving average price of $0.86 and a 200 day moving average price of $0.98. AGM Group has a twelve month low of $0.48 and a twelve month high of $5.32.

AGM Group (NASDAQ:AGMH) last released its earnings results on Friday, August 7th. The company reported $1.18 earnings per share (EPS) for the quarter. The business had revenue of $5.13 million during the quarter.

Analyst Ratings Changes

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

About AGM Group

AGM Group Holdings Limited (NASDAQ: AGMH) is a technology company focused on financial technology and digital-asset-related products. The company develops and provides technology solutions intended to support financial services, while also pursuing opportunities in computing and blockchain-related applications.

AGM Group has been associated with the development and sale of application-specific integrated circuit (ASIC) cryptocurrency mining machines and related equipment. These products are designed to provide specialized computing power for blockchain networks.