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

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

Institutional Trading of Agrify

Large investors have recently modified their holdings of the business. Rip Road Capital Partners LP bought a new position in Agrify during the 4th quarter valued at approximately $1,953,000. Renaissance Technologies LLC purchased a new position in shares of Agrify during the fourth quarter valued at approximately $841,000. SG Capital Management LLC bought a new position in shares of Agrify during the fourth quarter valued at approximately $692,000. AdvisorShares Investments LLC bought a new position in shares of Agrify during the fourth quarter valued at approximately $321,000. Finally, Marathon Partners Equity Management LLC purchased a new stake in Agrify in the fourth quarter worth $174,000. 5.98% of the stock is owned by institutional investors.

Agrify Price Performance

AGFY stock opened at $20.42 on Monday. The stock has a market capitalization of $31.24 million, a price-to-earnings ratio of -1.46 and a beta of 10.39. The firm’s 50-day moving average price is $20.63 and its two-hundred day moving average price is $19.59. 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 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.