AGM Group Holdings Inc. (NASDAQ:AGMH) Short Interest Update

AGM Group Holdings Inc. (NASDAQ:AGMH) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 6,101 shares, a growth of 162.1% from the November 30th total of 2,328 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 26,439 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 26,439 shares, the short-interest ratio is presently 0.2 days. Currently, 0.3% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AGMH shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AGM Group in a report on Monday. UBS Group set a $5.77 price objective on shares of AGM Group in a research note on Friday, September 19th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, AGM Group presently has a consensus rating of “Hold” and an average price target of $5.77.

Hedge Funds Weigh In On AGM Group

An institutional investor recently bought a new position in AGM Group stock. Bank of America Corp DE purchased a new position in shares of AGM Group Holdings Inc. (NASDAQ:AGMH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,982 shares of the company’s stock, valued at approximately $37,000. Bank of America Corp DE owned approximately 3.02% of AGM Group as of its most recent filing with the Securities and Exchange Commission (SEC).

AGM Group Trading Down 2.9%

Shares of NASDAQ:AGMH opened at $2.16 on Friday. AGM Group has a 1-year low of $1.09 and a 1-year high of $82.00. The firm has a fifty day moving average price of $3.23 and a 200 day moving average price of $3.35.

AGM Group (NASDAQ:AGMH) last released its quarterly earnings results on Friday, October 10th. The company reported $1.85 EPS for the quarter. The company had revenue of $10.15 million for the quarter.

About AGM Group

AGM Group Holdings, Inc (NASDAQ:AGMH) is a blank check company incorporated in Delaware in April 2021. It was formed as a special purpose acquisition company (SPAC) with no commercial operations at inception and no revenues other than interest earned on its trust account balances. The company’s primary objective is to identify and complete a business combination with one or more operating businesses.

In connection with its initial public offering, AGM Group issued units comprising one share of common stock and a fraction of one redeemable warrant, with gross proceeds deposited into a trust account.