AGM Group Holdings Inc. (NASDAQ:AGMH) Short Interest Update

AGM Group Holdings Inc. (NASDAQ:AGMH) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 6,101 shares, a growth of 162.1% from the November 30th total of 2,328 shares. Based on an average trading volume of 26,439 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 26,439 shares, the short-interest ratio is currently 0.2 days.

AGM Group Stock Performance

AGMH opened at $2.16 on Friday. The business has a fifty day moving average of $3.23 and a 200 day moving average of $3.35. AGM Group has a 52-week low of $1.09 and a 52-week high of $82.00.

AGM Group (NASDAQ:AGMH) last issued its earnings results on Friday, October 10th. The company reported $1.85 earnings per share for the quarter. The firm had revenue of $10.15 million for the quarter.

Institutional Trading of AGM Group

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

Wall Street Analysts Forecast Growth

AGMH has been the subject of a number of recent research reports. UBS Group set a $5.77 price objective on AGM Group in a research note on Friday, September 19th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AGM Group in a research report on Monday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $5.77.

About AGM Group

AGM Group Holdings, Inc (NASDAQ:AGMH) is a blank check company incorporated in Delaware in April 2021. It was formed as a special purpose acquisition company (SPAC) with no commercial operations at inception and no revenues other than interest earned on its trust account balances. The company’s primary objective is to identify and complete a business combination with one or more operating businesses.

In connection with its initial public offering, AGM Group issued units comprising one share of common stock and a fraction of one redeemable warrant, with gross proceeds deposited into a trust account.