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

Agrify Co. (NASDAQ:AGFY) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 27,400 shares, a growth of 16.1% from the October 15th total of 23,600 shares. Approximately 2.1% of the company’s shares are short sold. Based on an average trading volume of 371,200 shares, the days-to-cover ratio is presently 0.1 days.

Agrify Trading Up 7.3 %

NASDAQ:AGFY opened at $14.60 on Friday. The firm has a fifty day simple moving average of $4.22 and a two-hundred day simple moving average of $4.40. Agrify has a 12 month low of $2.71 and a 12 month high of $42.00. The stock has a market capitalization of $19.45 million, a price-to-earnings ratio of -1.04 and a beta of 2.04. The company has a current ratio of 0.82, a quick ratio of 0.09 and a debt-to-equity ratio of 0.50.

Agrify (NASDAQ:AGFY) last issued its earnings results on Wednesday, August 14th. The company reported ($1.95) EPS for the quarter. The company had revenue of $2.99 million during the quarter.

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.