Short Interest in Agrify Co. (NASDAQ:AGFY) Drops By 46.5%

Agrify Co. (NASDAQ:AGFY) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 25,800 shares, a drop of 46.5% from the December 15th total of 48,200 shares. Approximately 3.1% of the company’s shares are short sold. Based on an average trading volume of 557,000 shares, the short-interest ratio is currently 0.0 days.

Agrify Stock Performance

NASDAQ:AGFY opened at $24.42 on Thursday. Agrify has a 52 week low of $2.71 and a 52 week high of $84.44. The company has a fifty day simple moving average of $30.78 and a two-hundred day simple moving average of $13.41. The company has a quick ratio of 0.10, a current ratio of 0.75 and a debt-to-equity ratio of 0.80. The company has a market cap of $37.36 million, a price-to-earnings ratio of -1.74 and a beta of 10.44.

Insider Buying and Selling at Agrify

In other news, insider David Aaron Kessler sold 13,598 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $37.44, for a total transaction of $509,109.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Benjamin Kovler acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was acquired at an average price of $45.89 per share, with a total value of $229,450.00. Following the acquisition, the chief executive officer now directly owns 15,000 shares of the company’s stock, valued at approximately $688,350. This represents a 50.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 51.00% of the company’s stock.

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.