Agrify Co. (NASDAQ:AGFY) Short Interest Down 46.5% in December

Agrify Co. (NASDAQ:AGFY) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 25,800 shares, a drop of 46.5% from the December 15th total of 48,200 shares. Based on an average daily volume of 557,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 3.1% of the shares of the stock are short sold.

Agrify Trading Up 7.8 %

AGFY opened at $24.76 on Wednesday. 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 company’s 50 day simple moving average is $30.78 and its two-hundred day simple moving average is $13.41. The firm has a market capitalization of $37.88 million, a price-to-earnings ratio of -1.77 and a beta of 10.44. Agrify has a 1-year low of $2.71 and a 1-year high of $84.44.

Insider Activity

In other news, CEO Benjamin Kovler acquired 5,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were bought at an average cost of $45.89 per share, for a total transaction of $229,450.00. Following the acquisition, the chief executive officer now owns 15,000 shares in the company, valued at approximately $688,350. This represents a 50.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David Aaron Kessler sold 13,598 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was 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. Company insiders own 51.00% of the company’s stock.

Agrify Company Profile

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.