AGM Group Holdings Inc. (NASDAQ:AGMH) Stock Short Interest Jumps 686.0%

AGM Group Holdings Inc. (NASDAQ:AGMH – Get Free Report) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 1,235,617 shares, a growth of 686.0% from the September 30th total of 157,194 shares. Based on an average daily trading volume, of 9,326,423 shares, the days-to-cover ratio is presently 0.1 days. Currently, 58.8% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded AGM Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, August 28th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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AGM Group Trading Up 2.7%

AGMH opened at $0.52 on Thursday. AGM Group has a twelve month low of $0.41 and a twelve month high of $4.58. The company’s 50-day moving average price is $0.74 and its two-hundred day moving average price is $1.09.

AGM Group (NASDAQ:AGMH – Get Free Report) last released its earnings results on Friday, August 7th. The company reported $1.18 earnings per share for the quarter. The company had revenue of $5.13 million for the quarter.

AGM Group Company Profile

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AGM Group Holdings Limited is a technology company focused on financial technology and digital-asset-related solutions. The company has developed and marketed high-performance computing hardware, including application-specific integrated circuit (ASIC) mining machines designed for cryptocurrency mining.

AGM Group has also pursued software and other technology initiatives supporting fintech applications and digital-asset activities. Its business has included the development, manufacturing, and sale of hardware and related products, with operations oriented toward the global cryptocurrency and blockchain technology markets.

The company is incorporated in the Cayman Islands and its shares trade on the Nasdaq Capital Market under the symbol AGMH.

Further Reading

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