Agrify Co. (NASDAQ:AGFY) Short Interest Update

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

Agrify Price Performance

Shares of NASDAQ:AGFY opened at $19.98 on Thursday. The business’s 50 day moving average is $32.90 and its 200 day moving average is $14.66. Agrify has a 12-month low of $2.71 and a 12-month high of $84.44. The stock has a market cap of $30.57 million, a price-to-earnings ratio of -1.43 and a beta of 10.44. The company has a quick ratio of 0.10, a current ratio of 0.75 and a debt-to-equity ratio of 0.80.

Insider Buying and Selling at Agrify

In other news, Director Max Holtzman sold 1,097 shares of Agrify stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $41.71, for a total transaction of $45,755.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Benjamin Kovler bought 5,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were acquired at an average cost of $45.89 per share, with a total value of $229,450.00. Following the completion of the transaction, the chief executive officer now owns 15,000 shares of the company’s stock, valued at $688,350. This represents a 50.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 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.