Agrify Co. (NASDAQ:AGFY) Short Interest Update

Agrify Co. (NASDAQ:AGFY) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totalling 48,200 shares, a decrease of 38.3% from the November 30th total of 78,100 shares. Currently, 5.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 551,300 shares, the days-to-cover ratio is currently 0.1 days.

Agrify Price Performance

Shares of Agrify stock opened at $33.53 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.10 and a current ratio of 0.75. Agrify has a 52-week low of $2.71 and a 52-week high of $84.44. The company has a fifty day moving average of $25.00 and a 200-day moving average of $11.40. The stock has a market capitalization of $51.30 million, a price-to-earnings ratio of -2.39 and a beta of 10.31.

Insider Transactions at Agrify

In related news, Director Max Holtzman sold 1,097 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $41.71, for a total value of $45,755.87. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Benjamin Kovler bought 5,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were bought at an average price of $45.89 per share, with a total value of $229,450.00. Following the completion of the transaction, the chief executive officer now owns 15,000 shares of the company’s stock, valued at $688,350. The trade was a 50.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 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.