Short Interest in Agrify Co. (NASDAQ:AGFY) Drops By 57.1%

Agrify Co. (NASDAQ:AGFY) was the target of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 7,500 shares, a decrease of 57.1% from the October 15th total of 17,500 shares. Based on an average daily volume of 27,800 shares, the short-interest ratio is currently 0.3 days. Currently, 0.5% of the shares of the stock are short sold.

Agrify Stock Up 19.3 %

AGFY opened at $1.79 on Friday. The firm has a 50-day simple moving average of $2.29 and a two-hundred day simple moving average of $3.06. The company has a market capitalization of $1.86 million, a PE ratio of 0.00 and a beta of 2.00. Agrify has a 52 week low of $1.20 and a 52 week high of $27.00.

Institutional Trading of Agrify

Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its position in shares of Agrify by 1.5% during the 1st quarter. BlackRock Inc. now owns 307,063 shares of the company’s stock valued at $1,421,000 after buying an additional 4,533 shares in the last quarter. JPMorgan Chase & Co. raised its position in Agrify by 122.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 16,139 shares of the company’s stock worth $32,000 after purchasing an additional 8,886 shares during the period. Millennium Management LLC purchased a new stake in Agrify in the 2nd quarter worth about $29,000. Vident Investment Advisory LLC raised its position in Agrify by 72.3% in the 1st quarter. Vident Investment Advisory LLC now owns 43,337 shares of the company’s stock worth $201,000 after purchasing an additional 18,178 shares during the period. Finally, Private Advisor Group LLC purchased a new stake in Agrify in the 1st quarter worth about $101,000.

Agrify Company Profile

Agrify Corporation develops precision hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. The company 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.