Agrify Co. (NASDAQ:AGFY) Short Interest Update

Agrify Co. (NASDAQ:AGFY) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 126,300 shares, an increase of 360.9% from the October 31st total of 27,400 shares. Approximately 39.7% of the shares of the company are short sold. Based on an average daily trading volume, of 507,500 shares, the days-to-cover ratio is currently 0.2 days.

Agrify Stock Performance

Shares of AGFY traded down $8.16 during mid-day trading on Wednesday, hitting $54.55. The stock had a trading volume of 704,524 shares, compared to its average volume of 321,308. 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 firm has a market cap of $83.46 million, a P/E ratio of -3.89 and a beta of 2.04. Agrify has a 52 week low of $2.71 and a 52 week high of $84.44. The business has a fifty day moving average price of $9.13 and a 200-day moving average price of $6.10.

Insider Activity at Agrify

In other news, CEO Benjamin Kovler acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were acquired at an average price of $45.89 per share, for a total transaction of $229,450.00. Following the completion of the purchase, the chief executive officer now owns 15,000 shares in the company, valued at approximately $688,350. This trade represents a 50.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 51.00% of the stock is owned by company insiders.

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.