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

Agrify Co. (NASDAQ:AGFY) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 27,400 shares, an increase of 16.1% from the October 15th total of 23,600 shares. Approximately 2.1% of the company’s stock are sold short. Based on an average trading volume of 371,200 shares, the short-interest ratio is currently 0.1 days.

Agrify Price Performance

AGFY opened at $14.60 on Monday. Agrify has a 1 year low of $2.71 and a 1 year 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 company has a market capitalization of $19.42 million, a price-to-earnings ratio of -1.04 and a beta of 2.04. The firm’s fifty day moving average price is $4.22 and its two-hundred day moving average price is $4.40.

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.