Agrify Co. (NASDAQ:AGFY) Sees Large Decrease in Short Interest

Agrify Co. (NASDAQ:AGFYGet Free Report) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 17,200 shares, a decrease of 13.1% from the December 15th total of 19,800 shares. Based on an average daily volume of 20,800 shares, the short-interest ratio is presently 0.8 days. Approximately 1.1% of the company’s shares are short sold.

Agrify Price Performance

Shares of NASDAQ AGFY opened at $1.18 on Thursday. Agrify has a 1 year low of $1.09 and a 1 year high of $13.20. The firm has a 50-day simple moving average of $1.38 and a two-hundred day simple moving average of $2.14.

Agrify (NASDAQ:AGFYGet Free Report) last issued its quarterly earnings results on Tuesday, December 12th. The company reported ($4.39) earnings per share for the quarter. The firm had revenue of $5.07 million during the quarter.

Institutional Trading of Agrify

A number of hedge funds and other institutional investors have recently bought and sold shares of AGFY. Vanguard Group Inc. grew its holdings in shares of Agrify by 57.6% in the first quarter. Vanguard Group Inc. now owns 1,236,178 shares of the company’s stock worth $5,724,000 after purchasing an additional 451,733 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in Agrify in the 4th quarter worth about $411,000. Renaissance Technologies LLC bought a new position in Agrify in the 1st quarter worth about $74,000. Hudson Bay Capital Management LP purchased a new position in shares of Agrify during the second quarter worth approximately $66,000. Finally, BlackRock Inc. raised its stake in shares of Agrify by 1.5% during the first quarter. BlackRock Inc. now owns 307,063 shares of the company’s stock valued at $1,421,000 after acquiring an additional 4,533 shares in the last quarter.

Agrify Company Profile

(Get Free Report)

Agrify Corporation develops precision hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. The company 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.

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