Agrify Co. (NASDAQ:AGFY) Short Interest Up 1,969.4% in January

Agrify Co. (NASDAQ:AGFYGet Free Report) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 358,000 shares, an increase of 1,969.4% from the January 15th total of 17,300 shares. Based on an average daily trading volume, of 2,520,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 8.8% of the company’s shares are short sold.

Agrify Trading Down 3.7 %

Shares of AGFY opened at $0.66 on Tuesday. The company has a 50-day moving average of $1.08 and a two-hundred day moving average of $1.85. Agrify has a one year low of $0.50 and a one year high of $9.29.

Agrify (NASDAQ:AGFYGet Free Report) last issued its quarterly earnings data on Wednesday, January 3rd. The company reported ($1.27) earnings per share for the quarter. The company had revenue of $3.14 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Agrify by 1.5% during the 1st quarter. BlackRock Inc. now owns 307,063 shares of the company’s stock worth $1,421,000 after buying an additional 4,533 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Agrify by 122.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 16,139 shares of the company’s stock valued at $32,000 after purchasing an additional 8,886 shares during the period. Millennium Management LLC acquired a new position in Agrify during the 2nd quarter valued at about $29,000. AXS Investments LLC lifted its position in Agrify by 47.0% during the 4th quarter. AXS Investments LLC now owns 48,016 shares of the company’s stock valued at $58,000 after purchasing an additional 15,356 shares during the period. Finally, Vident Investment Advisory LLC lifted its position in Agrify by 72.3% during the 1st quarter. Vident Investment Advisory LLC now owns 43,337 shares of the company’s stock valued at $201,000 after purchasing an additional 18,178 shares during the period.

About Agrify

(Get Free Report)

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.

Further Reading

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