Short Interest in Agrify Co. (NASDAQ:AGFY) Decreases By 75.7%

Agrify Co. (NASDAQ:AGFY) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totalling 76,900 shares, a drop of 75.7% from the March 31st total of 315,900 shares. Based on an average daily volume of 2,730,000 shares, the short-interest ratio is currently 0.0 days. Approximately 1.6% of the shares of the stock are sold short.

Hedge Funds Weigh In On Agrify

A hedge fund recently raised its stake in Agrify stock. AXS Investments LLC raised its stake in shares of Agrify Co. (NASDAQ:AGFY) by 47.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,016 shares of the company’s stock after buying an additional 15,356 shares during the quarter. AXS Investments LLC owned about 2.82% of Agrify worth $58,000 at the end of the most recent reporting period. Institutional investors own 5.98% of the company’s stock.

Agrify Stock Performance

NASDAQ AGFY traded up $0.02 during mid-day trading on Thursday, hitting $0.29. The stock had a trading volume of 497,507 shares, compared to its average volume of 3,198,676. Agrify has a 52-week low of $0.25 and a 52-week high of $5.40. The company has a 50 day simple moving average of $0.42 and a 200 day simple moving average of $1.04.

About Agrify

Agrify Corporation develops precision hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. The company 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.