Short Interest in Agrify Co. (NASDAQ:AGFY) Increases By 93.4%

Agrify Co. (NASDAQ:AGFY) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 23,600 shares, an increase of 93.4% from the September 30th total of 12,200 shares. Currently, 3.7% of the company’s stock are sold short. Based on an average trading volume of 26,600 shares, the days-to-cover ratio is presently 0.9 days.

Agrify Price Performance

Shares of NASDAQ AGFY opened at $3.37 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.82 and a debt-to-equity ratio of 0.50. Agrify has a fifty-two week low of $2.71 and a fifty-two week high of $42.00. The business has a 50 day moving average price of $3.54 and a two-hundred day moving average price of $4.26. The firm has a market cap of $47.88 million, a PE ratio of -0.63 and a beta of 2.05.

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