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

AGM Group Holdings Inc. (NASDAQ:AGMH) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 186,100 shares, adeclineof32.8% from the July 15th total of 277,000 shares. Based on an average daily volume of 524,500 shares, the days-to-cover ratio is currently 0.4 days. Currently,10.2% of the shares of the stock are sold short. Currently,10.2% of the shares of the stock are sold short. Based on an average daily volume of 524,500 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of AGM Group

An institutional investor recently bought a new position in AGM Group stock. Bank of America Corp DE bought a new position in AGM Group Holdings Inc. (NASDAQ:AGMH) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,982 shares of the company’s stock, valued at approximately $37,000. Bank of America Corp DE owned approximately 3.02% of AGM Group at the end of the most recent reporting period.

AGM Group Price Performance

Shares of NASDAQ AGMH opened at $2.13 on Tuesday. AGM Group has a 12 month low of $1.09 and a 12 month high of $109.50. The business has a 50-day moving average of $2.46 and a 200-day moving average of $7.76.

Analyst Ratings Changes

Separately, Wall Street Zen lowered AGM Group from a “buy” rating to a “hold” rating in a report on Sunday, June 22nd.

AGM Group Company Profile

AGM Group Holdings Inc operates as a technology company, engages in the research and development of blockchain-oriented ASIC chip in Singapore, Hong Kong, and China. The company offers MetaTrader 5, a futures trading solution; and foreign exchange trading system that provides services to financial institutions.