AGM Group Holdings Inc. (NASDAQ:AGMH) Stock Short Interest Report for September

AGM Group Holdings Inc. (NASDAQ:AGMH) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 157,194 shares, a decrease of 55.8% from the September 15th total of 355,300 shares. Approximately 7.5% of the shares of the stock are sold short. Based on an average trading volume of 824,710 shares, the days-to-cover ratio is presently 0.2 days.

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 report on Friday, August 28th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, AGM Group currently has an average rating of “Sell”.

AGM Group Stock Down 3.9%

Shares of NASDAQ AGMH traded down $0.02 during mid-day trading on Thursday, hitting $0.48. 287,903 shares of the company’s stock traded hands, compared to its average volume of 741,794. The company’s 50-day moving average is $0.85 and its two-hundred day moving average is $0.97. AGM Group has a 1 year low of $0.41 and a 1 year high of $5.20.

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

About AGM Group

AGM Group Holdings Limited (NASDAQ: AGMH) is a technology company focused on financial technology and digital-asset-related products. The company develops and provides technology solutions intended to support financial services, while also pursuing opportunities in computing and blockchain-related applications.

AGM Group has been associated with the development and sale of application-specific integrated circuit (ASIC) cryptocurrency mining machines and related equipment. These products are designed to provide specialized computing power for blockchain networks.