Agrify Co. (NASDAQ:AGFY) Sees Large Increase in Short Interest

Agrify Co. (NASDAQ:AGFY) was the target of a large increase in short interest in 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 trading volume of 547,500 shares, the short-interest ratio is presently 0.1 days. Approximately 3.8% of the shares of the stock are short sold.

Insider Buying and Selling

In related news, insider David Aaron Kessler sold 13,598 shares of the company’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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Max Holtzman sold 1,097 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $41.71, for a total value of $45,755.87. The disclosure for this sale can be found here. Insiders own 51.00% of the company’s stock.

Agrify Stock Performance

AGFY opened at $23.71 on Friday. The stock has a market cap of $36.28 million, a P/E ratio of -1.69 and a beta of 10.44. 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 stock’s 50 day simple moving average is $32.10 and its 200 day simple moving average is $14.83. Agrify has a 1-year low of $2.71 and a 1-year high of $84.44.

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.