Agrify Co. (NASDAQ:AGFY) Sees Significant Increase in Short Interest

Agrify Co. (NASDAQ:AGFY) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 27,400 shares, an increase of 16.1% from the October 15th total of 23,600 shares. Based on an average daily volume of 371,200 shares, the short-interest ratio is currently 0.1 days. Approximately 2.1% of the shares of the company are sold short.

Agrify Price Performance

Shares of NASDAQ:AGFY opened at $14.60 on Monday. The company has a market capitalization of $19.42 million, a P/E ratio of -1.04 and a beta of 2.04. The company’s 50-day moving average is $4.22 and its 200 day moving average is $4.40. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.09 and a current ratio of 0.82. Agrify has a fifty-two week low of $2.71 and a fifty-two week high of $42.00.

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.