Short Interest in Agrify Co. (NASDAQ:AGFY) Decreases By 38.3%

Agrify Co. (NASDAQ:AGFY) was the target of a large decline in short interest in December. As of December 15th, there was short interest totalling 48,200 shares, a decline of 38.3% from the November 30th total of 78,100 shares. Currently, 5.8% of the company’s stock are short sold. Based on an average trading volume of 551,300 shares, the days-to-cover ratio is currently 0.1 days.

Agrify Stock Performance

Agrify stock opened at $33.53 on Friday. Agrify has a twelve month low of $2.71 and a twelve month high of $84.44. 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 capitalization of $51.30 million, a P/E ratio of -2.39 and a beta of 10.31. The stock’s 50 day moving average is $25.00 and its 200 day moving average is $11.40.

Insider Buying and Selling at Agrify

In other news, insider David Aaron Kessler sold 13,598 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $37.44, for a total value of $509,109.12. The transaction was disclosed in a filing with the SEC, which is available through 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 shares were acquired at an average cost of $45.89 per share, for a total transaction of $229,450.00. Following the purchase, the chief executive officer now directly owns 15,000 shares of the company’s stock, valued at $688,350. This represents a 50.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 51.00% of the company’s stock.

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.