Agrify Co. (NASDAQ:AGFY) Short Interest Update

Agrify Co. (NASDAQ:AGFY) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totalling 241,500 shares, a drop of 52.2% from the June 30th total of 505,600 shares. Currently, 2.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,300,000 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Agrify

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

Agrify Trading Down 3.1 %

Agrify stock opened at $0.28 on Friday. The stock has a market cap of $4.00 million, a PE ratio of -0.05 and a beta of 2.04. The stock has a 50-day moving average price of $0.33 and a 200 day moving average price of $0.45. Agrify has a 52 week low of $0.25 and a 52 week high of $3.60.

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.