Short Interest in Agrify Co. (NASDAQ:AGFY) Decreases By 35.2%

Agrify Co. (NASDAQ:AGFY) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 23,900 shares, a decline of 35.2% from the February 28th total of 36,900 shares. Based on an average daily volume of 30,700 shares, the short-interest ratio is presently 0.8 days. Currently, 2.9% of the company’s shares are short sold.

Institutional Investors Weigh In On Agrify

A number of large investors have recently made changes to their positions in AGFY. Rip Road Capital Partners LP purchased a new position in Agrify during the 4th quarter worth approximately $1,953,000. Renaissance Technologies LLC purchased a new position in shares of Agrify during the fourth quarter valued at $841,000. SG Capital Management LLC purchased a new position in shares of Agrify during the fourth quarter valued at $692,000. AdvisorShares Investments LLC acquired a new position in Agrify during the fourth quarter valued at $321,000. Finally, Marathon Partners Equity Management LLC purchased a new stake in Agrify in the 4th quarter worth about $174,000. Institutional investors and hedge funds own 5.98% of the company’s stock.

Agrify Trading Down 3.4 %

Shares of AGFY opened at $20.42 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.10 and a debt-to-equity ratio of 0.80. Agrify has a 1-year low of $2.71 and a 1-year high of $84.44. The stock has a market capitalization of $31.24 million, a P/E ratio of -1.46 and a beta of 10.39. The business’s 50-day moving average price is $20.63 and its 200 day moving average price is $19.48.

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.