Agrify Co. (NASDAQ:AGFY) Short Interest Down 46.5% in January

Agrify Co. (NASDAQ:AGFY) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totalling 25,800 shares, a decline of 46.5% from the December 31st total of 48,200 shares. Approximately 3.1% of the company’s stock are sold short. Based on an average daily volume of 557,000 shares, the days-to-cover ratio is currently 0.0 days.

Agrify Price Performance

Shares of AGFY opened at $19.98 on Wednesday. The firm has a market capitalization of $30.57 million, a PE ratio of -1.43 and a beta of 10.44. The company’s 50-day moving average is $33.27 and its 200-day moving average is $14.63. Agrify has a fifty-two week low of $2.71 and a fifty-two week high of $84.44. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.75 and a quick ratio of 0.10.

Insider Transactions at Agrify

In other Agrify news, insider David Aaron Kessler sold 13,598 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $37.44, for a total transaction of $509,109.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Max Holtzman sold 1,097 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $41.71, for a total transaction of $45,755.87. The disclosure for this sale can be found here. 51.00% of the stock is currently owned by insiders.

Agrify Company Profile

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.