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

AGM Group Holdings Inc. (NASDAQ:AGMH) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 246,100 shares, an increase of 51.2% from the August 31st total of 162,800 shares. Approximately 13.5% of the company’s stock are sold short. Based on an average daily trading volume, of 3,820,000 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 3,820,000 shares, the short-interest ratio is presently 0.1 days. Approximately 13.5% of the company’s stock are sold short.

Analysts Set New Price Targets

Several analysts have recently commented on AGMH shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AGM Group in a research report on Saturday, September 27th. UBS Group set a $5.77 price objective on AGM Group in a research report on Friday, September 19th. Finally, Wall Street Zen cut AGM Group from a “buy” rating to a “hold” rating in a research report on Sunday, June 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, AGM Group currently has a consensus rating of “Sell” and an average price target of $5.77.

Institutional Trading of AGM Group

A hedge fund recently bought a new stake in AGM Group stock. Bank of America Corp DE purchased a new position in AGM Group Holdings Inc. (NASDAQ:AGMH) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,982 shares of the company’s stock, valued at approximately $37,000. Bank of America Corp DE owned about 3.02% of AGM Group at the end of the most recent reporting period.

AGM Group Price Performance

AGMH opened at $6.79 on Thursday. AGM Group has a 1 year low of $1.09 and a 1 year high of $107.50. The stock has a fifty day moving average price of $3.81 and a 200 day moving average price of $3.23.

About AGM Group

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.