Agrify Co. (NASDAQ:AGFY) Short Interest Update

Agrify Co. (NASDAQ:AGFY) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 25,800 shares, a decline of 46.5% from the December 31st total of 48,200 shares. Approximately 3.1% of the shares of the company are short sold. Based on an average daily trading volume, of 557,000 shares, the short-interest ratio is presently 0.0 days.

Insider Transactions at Agrify

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

Agrify Stock Performance

Shares of AGFY opened at $19.98 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.75 and a quick ratio of 0.10. The firm has a market cap of $30.57 million, a PE ratio of -1.43 and a beta of 10.44. Agrify has a 1 year low of $2.71 and a 1 year high of $84.44. The stock’s fifty day moving average price is $32.90 and its two-hundred day moving average price is $14.66.

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.