Agrify Co. (NASDAQ:AGFY) Short Interest Update

Agrify Co. (NASDAQ:AGFY) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 126,300 shares, an increase of 360.9% from the October 31st total of 27,400 shares. Currently, 39.7% of the shares of the company are short sold. Based on an average daily volume of 507,500 shares, the days-to-cover ratio is currently 0.2 days.

Agrify Trading Down 13.0 %

Shares of Agrify stock opened at $54.55 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.10 and a current ratio of 0.75. The company has a market capitalization of $83.46 million, a P/E ratio of -3.89 and a beta of 2.04. Agrify has a 1 year low of $2.71 and a 1 year high of $84.44. The company’s fifty day moving average is $9.13 and its two-hundred day moving average is $6.10.

Insider Activity at Agrify

In other Agrify news, CEO Benjamin Kovler bought 5,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were acquired at an average cost of $45.89 per share, with a total value of $229,450.00. Following the acquisition, the chief executive officer now directly owns 15,000 shares of the company’s stock, valued at $688,350. The trade was a 50.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 51.00% of the company’s stock.

About Agrify

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.