Short Interest in AgriFORCE Growing Systems Ltd. (NASDAQ:AGRI) Declines By 57.0%

AgriFORCE Growing Systems Ltd. (NASDAQ:AGRI) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 283,700 shares, a drop of 57.0% from the September 30th total of 660,500 shares. Based on an average trading volume of 2,550,000 shares, the short-interest ratio is currently 0.1 days. Approximately 14.3% of the company’s stock are short sold. Approximately 14.3% of the company’s stock are short sold. Based on an average trading volume of 2,550,000 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of AgriFORCE Growing Systems in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

AgriFORCE Growing Systems Trading Up 2.5%

NASDAQ:AGRI opened at $3.25 on Thursday. The stock’s 50 day moving average price is $3.16 and its 200 day moving average price is $7.58. The company has a market capitalization of $4.26 million, a PE ratio of -0.09 and a beta of -0.04. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.01. AgriFORCE Growing Systems has a 52-week low of $2.20 and a 52-week high of $54.90.

AgriFORCE Growing Systems (NASDAQ:AGRI) last released its quarterly earnings results on Thursday, August 14th. The company reported ($8.26) earnings per share (EPS) for the quarter. The company had revenue of $0.45 million during the quarter.

AgriFORCE Growing Systems Company Profile

AgriFORCE Growing Systems Ltd., an agriculture-focused technology company, focuses on the development and commercialization of plant-based ingredients and products that deliver healthier and nutritious solutions. The company operates in two divisions, AgriFORCE Solutions and AgriFORCE Brands. It also offers management advisory services and holds intellectual property, as well as engages in the real estate holding and development activities.