Agrify Co. (NASDAQ:AGFY) Short Interest Down 46.5% in January

Agrify Co. (NASDAQ:AGFY) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 25,800 shares, a decrease of 46.5% from the December 31st total of 48,200 shares. Currently, 3.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 557,000 shares, the short-interest ratio is currently 0.0 days.

Insiders Place Their Bets

In other 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider David Aaron Kessler sold 13,598 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $37.44, for a total transaction of $509,109.12. The disclosure for this sale can be found here. Corporate insiders own 51.00% of the company’s stock.

Agrify Stock Up 2.2 %

Agrify stock opened at $19.98 on Wednesday. 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 firm has a 50 day moving average price of $33.27 and a two-hundred day moving average price of $14.63. The firm has a market cap of $30.57 million, a price-to-earnings ratio of -1.43 and a beta of 10.44.

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.