Agrify Corporation (NASDAQ:AGFY) Short Interest Update

Agrify Corporation (NASDAQ:AGFY) was the recipient of a large increase in short interest in May. As of May 31st, there was short interest totalling 16,900 shares, an increase of 49.6% from the May 15th total of 11,300 shares. Based on an average trading volume of 31,400 shares, the short-interest ratio is currently 0.5 days. Approximately 1.6% of the company’s stock are sold short.

Agrify Stock Up 1.7%

Shares of AGFY stock opened at $24.19 on Wednesday. The company has a market cap of $47.17 million, a PE ratio of -1.73 and a beta of 10.23. The business’s 50 day moving average is $22.63 and its two-hundred day moving average is $23.84. Agrify has a 12 month low of $2.71 and a 12 month high of $84.44.

Agrify (NASDAQ:AGFY) last announced its quarterly earnings data on Friday, May 9th. The company reported ($1.68) earnings per share (EPS) for the quarter. The business had revenue of $0.54 million during the quarter. Agrify had a negative net margin of 463.83% and a negative return on equity of 189.00%.

Insider Buying and Selling

In related news, Director Max Holtzman sold 7,096 shares of the business’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $23.05, for a total value of $163,562.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Krishnan Varier sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $25.69, for a total transaction of $53,949.00. Following the transaction, the director now directly owns 5,836 shares in the company, valued at approximately $149,926.84. The trade was a 26.46% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,264 shares of company stock valued at $658,818. Corporate insiders own 2.16% of the company’s stock.

Institutional Trading of Agrify

A number of large investors have recently bought and sold shares of AGFY. Marathon Partners Equity Management LLC acquired a new stake in shares of Agrify in the 4th quarter valued at $174,000. AdvisorShares Investments LLC acquired a new position in Agrify in the fourth quarter valued at about $321,000. SG Capital Management LLC bought a new stake in Agrify during the fourth quarter worth about $692,000. Renaissance Technologies LLC acquired a new stake in shares of Agrify during the fourth quarter worth approximately $841,000. Finally, Rip Road Capital Partners LP acquired a new stake in shares of Agrify during the fourth quarter worth approximately $1,953,000. 5.98% of the stock is currently owned by institutional investors.

Agrify Company Profile

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.