Agrify Co. (NASDAQ:AGFY) Short Interest Up 93.4% in October

Agrify Co. (NASDAQ:AGFY) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 23,600 shares, a growth of 93.4% from the September 30th total of 12,200 shares. Based on an average daily trading volume, of 26,600 shares, the days-to-cover ratio is presently 0.9 days. Approximately 3.7% of the shares of the company are short sold.

Agrify Stock Performance

Shares of AGFY stock opened at $3.37 on Monday. Agrify has a 12-month low of $2.71 and a 12-month high of $42.00. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.82 and a quick ratio of 0.09. The firm has a market capitalization of $47.95 million, a price-to-earnings ratio of -0.63 and a beta of 2.05. The business has a 50 day simple moving average of $3.54 and a 200 day simple moving average of $4.25.

Agrify (NASDAQ:AGFY) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($1.95) EPS for the quarter. The business had revenue of $2.99 million for the quarter.

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.