Agrify Co. (NASDAQ:AGFY) Short Interest Down 38.3% in December

Agrify Co. (NASDAQ:AGFY - Get Free Report) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 48,200 shares, a decline of 38.3% from the November 30th total of 78,100 shares. Based on an average daily trading volume, of 551,300 shares, the days-to-cover ratio is presently 0.1 days. Approximately 5.8% of the shares of the company are short sold.

Insider Activity

In other Agrify news, Director Max Holtzman sold 1,097 shares of the firm's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $41.71, for a total transaction of $45,755.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David Aaron Kessler sold 13,598 shares of Agrify stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $37.44, for a total transaction of $509,109.12. The disclosure for this sale can be found here. Corporate insiders own 51.00% of the company's stock.

Agrify Stock Performance

AGFY traded down $0.67 during midday trading on Friday, hitting $33.53. 48,145 shares of the company were exchanged, compared to its average volume of 305,552. The firm has a market capitalization of $51.30 million, a price-to-earnings ratio of -2.39 and a beta of 10.31. The company's 50 day simple moving average is $25.00 and its 200 day simple moving average is $11.40. 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 1-year low of $2.71 and a 1-year high of $84.44.

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.