Agrify Co. (NASDAQ:AGFY) Short Interest Down 38.2% in November

Agrify Co. (NASDAQ:AGFY) was the recipient of a significant decline in short interest in November. As of November 30th, there was short interest totalling 78,100 shares, a decline of 38.2% from the November 15th total of 126,300 shares. Currently, 26.0% of the company’s stock are short sold. Based on an average trading volume of 539,200 shares, the days-to-cover ratio is currently 0.1 days.

Insider Activity

In other Agrify news, insider David Aaron Kessler sold 13,598 shares of Agrify stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $37.44, for a total value of $509,109.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Benjamin Kovler purchased 5,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was acquired at an average cost of $45.89 per share, for a total transaction of $229,450.00. Following the transaction, the chief executive officer now owns 15,000 shares of the company’s stock, valued at approximately $688,350. This trade represents a 50.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 51.00% of the company’s stock.

Agrify Price Performance

NASDAQ AGFY traded up $5.47 during trading hours on Friday, reaching $41.01. 116,304 shares of the stock traded hands, compared to its average volume of 314,318. The company has a market cap of $62.75 million, a price-to-earnings ratio of -2.78 and a beta of 10.31. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.75 and a quick ratio of 0.10. Agrify has a 1 year low of $2.71 and a 1 year high of $84.44. The stock has a 50 day simple moving average of $17.68 and a two-hundred day simple moving average of $8.95.

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.