AGM Group Holdings Inc. (NASDAQ:AGMH) Sees Significant Drop in Short Interest

AGM Group Holdings Inc. (NASDAQ:AGMH) saw a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 35,500 shares, a drop of 6.1% from the October 31st total of 37,800 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 105,100 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in AGM Group stock. Virtu Financial LLC bought a new stake in AGM Group Holdings Inc. (NASDAQ:AGMH) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 18,556 shares of the company’s stock, valued at approximately $28,000.

AGM Group Stock Down 10.0 %

Shares of AGMH stock opened at $1.62 on Tuesday. The company has a 50-day moving average of $1.78 and a two-hundred day moving average of $1.23. AGM Group has a 1-year low of $0.46 and a 1-year high of $2.20.

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.