Short Interest in Agrify Co. (NASDAQ:AGFY) Declines By 38.2%

Agrify Co. (NASDAQ:AGFY) was the recipient of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 78,100 shares, a drop of 38.2% from the November 15th total of 126,300 shares. Based on an average daily volume of 539,200 shares, the short-interest ratio is currently 0.1 days. Approximately 26.0% of the company’s shares are short sold.

Agrify Trading Up 20.0 %

NASDAQ:AGFY opened at $32.00 on Thursday. Agrify has a 12-month low of $2.71 and a 12-month high of $84.44. The firm has a market cap of $48.96 million, a PE ratio of -2.28 and a beta of 10.07. The company has a current ratio of 0.75, a quick ratio of 0.10 and a debt-to-equity ratio of 0.80. The stock has a fifty day moving average price of $17.04 and a 200 day moving average price of $8.76.

Insider Buying and Selling

In other Agrify news, CEO Benjamin Kovler bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were purchased at an average cost of $45.89 per share, with a total value of $229,450.00. Following the purchase, the chief executive officer now directly owns 15,000 shares in the company, valued at approximately $688,350. This represents a 50.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David Aaron Kessler sold 13,598 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $37.44, for a total transaction of $509,109.12. The disclosure for this sale can be found here. 51.00% of the stock is currently owned by corporate insiders.

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.