AGM Group Holdings Inc. (NASDAQ:AGMH) Sees Large Increase in Short Interest

AGM Group Holdings Inc. (NASDAQ:AGMH – Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 355,300 shares, a growth of 504.8% from the August 31st total of 58,750 shares. Based on an average daily volume of 1,103,403 shares, the short-interest ratio is currently 0.3 days. Approximately 16.9% of the company’s shares are short sold.

AGM Group Trading Up 0.6%

AGMH stock traded up $0.00 during midday trading on Friday, reaching $0.77. The company had a trading volume of 36,418 shares, compared to its average volume of 1,001,587. The company has a 50 day moving average of $0.92 and a two-hundred day moving average of $1.02. AGM Group has a 1 year low of $0.48 and a 1 year high of $9.60. The company has a quick ratio of 11.46, a current ratio of 13.27 and a debt-to-equity ratio of 0.05.

AGM Group (NASDAQ:AGMH – Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The company reported $1.18 EPS for the quarter. The company had revenue of $5.13 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of AGM Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, August 28th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

View Our Latest Research Report on AGM Group

About AGM Group

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AGM Group Holdings Inc (NASDAQ: AGMH) is a technology company focused primarily on blockchain and high-performance computing applications. Its business activities include the design, development and sale of application-specific integrated circuit (ASIC) cryptocurrency mining machines and related computing hardware.

The company has also described operations involving financial technology software and hardware, reflecting its earlier focus on technology solutions for financial services. Its blockchain-related products are intended to support cryptocurrency mining and other computational workloads.

AGM Group Holdings is incorporated in the Cayman Islands and has operated from Hong Kong.

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