Agrify Co. (NASDAQ:AGFY) Short Interest Down 15.9% in July

Agrify Co. (NASDAQ:AGFY) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 203,100 shares, a decrease of 15.9% from the July 15th total of 241,500 shares. Currently, 2.1% of the shares of the stock are short sold. Based on an average daily volume of 5,270,000 shares, the days-to-cover ratio is currently 0.0 days.

Agrify Stock Performance

Shares of AGFY remained flat at $0.26 during mid-day trading on Friday. 1,250,856 shares of the stock were exchanged, compared to its average volume of 3,810,773. Agrify has a fifty-two week low of $0.23 and a fifty-two week high of $3.54. The stock’s 50-day simple moving average is $0.31 and its 200-day simple moving average is $0.38. The company has a market cap of $3.64 million, a P/E ratio of -0.05 and a beta of 2.04.

Agrify (NASDAQ:AGFY) last released its earnings results on Wednesday, August 14th. The company reported ($0.13) EPS for the quarter. The company had revenue of $2.99 million during the quarter.

Institutional Trading of Agrify

An institutional investor recently raised its position in Agrify stock. AXS Investments LLC lifted its holdings in Agrify Co. (NASDAQ:AGFY) by 47.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,016 shares of the company’s stock after acquiring an additional 15,356 shares during the period. AXS Investments LLC owned approximately 2.82% of Agrify worth $58,000 as of its most recent SEC filing. 5.98% of the stock is owned by hedge funds and other institutional investors.

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.