Agrify Co. (NASDAQ:AGFY) Short Interest Update

Agrify Co. (NASDAQ:AGFY) saw a large decline in short interest in April. As of April 15th, there was short interest totalling 76,900 shares, a decline of 75.7% from the March 31st total of 315,900 shares. Based on an average daily trading volume, of 2,730,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 1.6% of the shares of the stock are sold short.

Institutional Trading of Agrify

A hedge fund recently raised its stake in Agrify stock. AXS Investments LLC boosted its stake in Agrify Co. (NASDAQ:AGFY) by 47.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,016 shares of the company’s stock after purchasing an additional 15,356 shares during the quarter. AXS Investments LLC owned about 2.82% of Agrify worth $58,000 as of its most recent SEC filing. Institutional investors own 5.98% of the company’s stock.

Agrify Stock Performance

AGFY opened at $0.29 on Friday. Agrify has a fifty-two week low of $0.25 and a fifty-two week high of $5.40. The firm’s fifty day moving average is $0.41 and its 200 day moving average is $1.02.

Agrify (NASDAQ:AGFY) last announced its quarterly earnings results on Monday, April 15th. The company reported $0.35 EPS for the quarter. The company had revenue of $2.86 million during the quarter.

About Agrify

Agrify Corporation develops precision hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. The company 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.