AGM Group Holdings Inc. (NASDAQ:AGMH) Sees Large Drop in Short Interest

AGM Group Holdings Inc. (NASDAQ:AGMHGet Rating) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totalling 61,000 shares, a decrease of 17.1% from the April 15th total of 73,600 shares. Based on an average trading volume of 329,300 shares, the short-interest ratio is presently 0.2 days. Currently, 0.4% of the shares of the company are short sold.

AGMH stock opened at $2.02 on Tuesday. The company’s 50-day simple moving average is $1.97 and its 200 day simple moving average is $3.87. AGM Group has a 52 week low of $1.38 and a 52 week high of $26.50.

Several hedge funds have recently added to or reduced their stakes in AGMH. Renaissance Technologies LLC acquired a new position in shares of AGM Group in the fourth quarter valued at about $68,000. Marshall Wace LLP bought a new position in AGM Group in the 4th quarter valued at about $128,000. Finally, Invesco Ltd. bought a new position in AGM Group in the 3rd quarter valued at about $133,000. Institutional investors and hedge funds own 8.49% of the company’s stock.

About AGM Group (Get Rating)

AGM Group Holdings Inc, an integrated technology company, focuses on ASIC chip solutions. Its ASIC chip solutions include chip design, chip research and development, and crypto miner production. It also provides fintech software services. The company offers multi-assets trading and management systems to small and mid-size broker and institutional clients; and interactive trading education website that uses subscription-based method.

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