AGM Group Holdings Inc. (NASDAQ:AGMH) Sees Large Drop in Short Interest

AGM Group Holdings Inc. (NASDAQ:AGMH) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 157,194 shares, a decrease of 55.8% from the September 15th total of 355,300 shares. Based on an average daily volume of 824,710 shares, the days-to-cover ratio is presently 0.2 days. Currently, 7.5% of the company’s stock are short sold.

Analyst Ratings Changes

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

AGM Group Stock Down 2.0%

AGMH opened at $0.53 on Wednesday. AGM Group has a 12 month low of $0.48 and a 12 month high of $5.32. The firm’s fifty day simple moving average is $0.86 and its 200 day simple moving average is $0.98.

AGM Group (NASDAQ:AGMH) last announced 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 during the quarter.

AGM Group Company Profile

AGM Group Holdings Limited (NASDAQ: AGMH) is a technology company focused on financial technology and digital-asset-related products. The company develops and provides technology solutions intended to support financial services, while also pursuing opportunities in computing and blockchain-related applications.

AGM Group has been associated with the development and sale of application-specific integrated circuit (ASIC) cryptocurrency mining machines and related equipment. These products are designed to provide specialized computing power for blockchain networks.