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

Agrify Co. (NASDAQ:AGFY) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 27,400 shares, an increase of 16.1% from the October 15th total of 23,600 shares. Approximately 2.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 371,200 shares, the days-to-cover ratio is presently 0.1 days.

Agrify Stock Up 7.3 %

Shares of NASDAQ AGFY opened at $14.60 on Friday. Agrify has a 12-month low of $2.71 and a 12-month high of $42.00. The firm’s 50-day simple moving average is $4.22 and its 200 day simple moving average is $4.40. The company has a quick ratio of 0.09, a current ratio of 0.82 and a debt-to-equity ratio of 0.50. The company has a market cap of $19.45 million, a price-to-earnings ratio of -1.04 and a beta of 2.04.

Agrify (NASDAQ:AGFY) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($1.95) earnings per share for the quarter. The company had revenue of $2.99 million for the quarter.

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.