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

AGM Group Holdings Inc. (NASDAQ:AGMH) saw a large growth in short interest in March. As of March 31st, there was short interest totaling 157,991 shares, a growth of 143.8% from the March 15th total of 64,800 shares. Based on an average daily trading volume, of 45,731 shares, the short-interest ratio is presently 3.5 days. Approximately 7.5% of the shares of the stock are sold short.

AGM Group Trading Down 0.7%

AGM Group stock opened at $0.93 on Friday. The firm’s 50 day moving average price is $1.22 and its two-hundred day moving average price is $2.75. AGM Group has a twelve month low of $0.83 and a twelve month high of $18.10.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in AGM Group stock. Bank of America Corp DE acquired a new stake in shares of AGM Group Holdings Inc. (NASDAQ:AGMH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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 as of its most recent filing with the Securities and Exchange Commission.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of AGM Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 12th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, AGM Group has an average rating of “Sell” and an average target price of $5.77.

AGM Group Company Profile

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.