AGM Group Holdings Inc. (NASDAQ:AGMH – Get Free Report) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 1,235,617 shares, a growth of 686.0% from the September 30th total of 157,194 shares. Based on an average trading volume of 9,326,423 shares, the days-to-cover ratio is presently 0.1 days. Currently, 58.8% of the shares of the stock are sold short.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised shares of AGM Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, August 28th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, AGM Group currently has an average rating of “Sell”.
Read Our Latest Stock Analysis on AGM Group
AGM Group Stock Up 2.7%
NASDAQ:AGMH traded up $0.01 during mid-day trading on Wednesday, hitting $0.52. The stock had a trading volume of 84,190 shares, compared to its average volume of 717,346. The stock has a 50-day simple moving average of $0.75 and a two-hundred day simple moving average of $1.09. AGM Group has a twelve month low of $0.41 and a twelve month high of $4.58.
AGM Group (NASDAQ:AGMH – Get Free Report) last posted its earnings results on Friday, August 7th. The company reported $1.18 earnings per share for the quarter. The business had revenue of $5.13 million for the quarter.
AGM Group Company Profile
AGM Group Holdings Limited is a technology company focused on financial technology and digital-asset-related solutions. The company has developed and marketed high-performance computing hardware, including application-specific integrated circuit (ASIC) mining machines designed for cryptocurrency mining.
AGM Group has also pursued software and other technology initiatives supporting fintech applications and digital-asset activities. Its business has included the development, manufacturing, and sale of hardware and related products, with operations oriented toward the global cryptocurrency and blockchain technology markets.
The company is incorporated in the Cayman Islands and its shares trade on the Nasdaq Capital Market under the symbol AGMH.
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