AGM Group Holdings Inc. (NASDAQ:AGMH) Short Interest Update

AGM Group Holdings Inc. (NASDAQ:AGMH) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 33,932 shares, a decrease of 36.4% from the June 30th total of 53,348 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average daily volume of 28,271 shares, the short-interest ratio is presently 1.2 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of AGM Group in a report on Friday, May 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell” and an average target price of $5.77.

Institutional Investors Weigh In On AGM Group

A hedge fund recently bought a new stake in AGM Group stock. Bank of America Corp DE bought a new stake in AGM Group Holdings Inc. (NASDAQ:AGMH) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 15,982 shares of the company’s stock, valued at approximately $37,000. Bank of America Corp DE owned about 3.02% of AGM Group as of its most recent filing with the Securities & Exchange Commission.

AGM Group Price Performance

Shares of NASDAQ AGMH opened at $0.73 on Thursday. AGM Group has a 12-month low of $0.70 and a 12-month high of $18.10. The stock’s 50 day simple moving average is $1.14 and its 200 day simple moving average is $1.23.

AGM Group Company Profile

AGM Group Holdings, Inc (NASDAQ:AGMH) is a blank check company incorporated in Delaware in April 2021. It was formed as a special purpose acquisition company (SPAC) with no commercial operations at inception and no revenues other than interest earned on its trust account balances. The company’s primary objective is to identify and complete a business combination with one or more operating businesses.

In connection with its initial public offering, AGM Group issued units comprising one share of common stock and a fraction of one redeemable warrant, with gross proceeds deposited into a trust account.