Short Interest in Agrify Co. (NASDAQ:AGFY) Decreases By 92.2%

Agrify Co. (NASDAQ:AGFY) saw a significant decline in short interest in September. As of September 30th, there was short interest totalling 12,200 shares, a decline of 92.2% from the September 15th total of 156,400 shares. Based on an average daily volume of 17,000 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.9% of the shares of the stock are sold short.

Agrify Price Performance

Shares of AGFY stock opened at $2.93 on Friday. The stock’s fifty day moving average is $0.43 and its 200-day moving average is $0.36. The stock has a market capitalization of $41.69 million, a PE ratio of -0.55 and a beta of 2.05. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.09 and a current ratio of 0.82. Agrify has a 52 week low of $2.74 and a 52 week high of $43.05.

Agrify (NASDAQ:AGFY) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.13) earnings per share for the quarter. The business 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.