Agrify Co. (NASDAQ:AGFY) Sees Large Decline in Short Interest

Agrify Co. (NASDAQ:AGFY) was the target of a significant decrease in short interest in the month of 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. Approximately 3.1% of the company’s shares are sold short. Based on an average daily trading volume, of 557,000 shares, the short-interest ratio is presently 0.0 days.

Insider Activity at Agrify

In other news, insider David Aaron Kessler sold 13,598 shares of the business’s stock in a transaction on 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 Securities & Exchange Commission, which can be accessed through this link. Also, CEO Benjamin Kovler bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was purchased at an average cost of $45.89 per share, for a total transaction of $229,450.00. Following the completion of the transaction, the chief executive officer now directly owns 15,000 shares in the company, valued at approximately $688,350. This trade represents a 50.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 51.00% of the company’s stock.

Agrify Stock Performance

Shares of NASDAQ:AGFY opened at $20.27 on Friday. The business has a 50-day moving average of $32.58 and a two-hundred day moving average of $14.70. The firm has a market capitalization of $31.01 million, a PE ratio of -1.45 and a beta of 10.44. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.75 and a quick ratio of 0.10. Agrify has a 12 month low of $2.71 and a 12 month high of $84.44.

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.