Agrify Co. (NASDAQ:AGFY) Sees Significant Increase in Short Interest

Agrify Co. (NASDAQ:AGFY) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 126,300 shares, an increase of 360.9% from the October 31st total of 27,400 shares. Currently, 39.7% of the company’s stock are short sold. Based on an average daily volume of 507,500 shares, the short-interest ratio is presently 0.2 days.

Agrify Stock Performance

Shares of Agrify stock opened at $54.55 on Thursday. The firm has a market capitalization of $83.46 million, a P/E ratio of -3.89 and a beta of 2.04. The company has a quick ratio of 0.10, a current ratio of 0.75 and a debt-to-equity ratio of 0.80. Agrify has a 52 week low of $2.71 and a 52 week high of $84.44. The firm’s 50 day moving average is $9.13 and its two-hundred day moving average is $6.10.

Insider Buying and Selling at Agrify

In other Agrify news, CEO Benjamin Kovler acquired 5,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were acquired at an average price of $45.89 per share, for a total transaction of $229,450.00. Following the acquisition, the chief executive officer now owns 15,000 shares in the company, valued at $688,350. The trade was a 50.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 51.00% of the company’s stock.

About Agrify

Agrify Corporation offers hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. It offers vertical farming units and Agrify Insights Software-as-a-Service software; integrated grow racks and LED grow lights; and non-proprietary products designed, engineered, and manufactured by third parties, such as air cleaning systems and pesticide-free surface protection products.