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

AGM Group Holdings Inc. (NASDAQ:AGMH) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 11,264 shares, an increase of 84.6% from the December 15th total of 6,101 shares. Based on an average daily volume of 35,746 shares, the short-interest ratio is presently 0.3 days. Currently, 0.5% of the shares of the stock are short sold. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 35,746 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

AGMH has been the topic of a number of recent research reports. UBS Group set a $5.77 price target on AGM Group in a research note on Friday, September 19th. Weiss Ratings lowered shares of AGM Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell” and an average target price of $5.77.

Institutional Investors Weigh In On AGM Group

An institutional investor recently bought a new position in AGM Group stock. Bank of America Corp DE acquired a new position in shares of AGM Group Holdings Inc. (NASDAQ:AGMH) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,982 shares of the company’s stock, valued at approximately $37,000. Bank of America Corp DE owned 3.02% of AGM Group as of its most recent SEC filing.

AGM Group Trading Up 0.5%

NASDAQ AGMH opened at $2.00 on Friday. The business’s 50-day moving average price is $2.61 and its two-hundred day moving average price is $3.30. AGM Group has a 12 month low of $1.09 and a 12 month high of $75.00.

AGM Group (NASDAQ:AGMH) last issued its quarterly earnings data on Friday, October 10th. The company reported $1.85 earnings per share (EPS) for the quarter. The company had revenue of $10.15 million for the quarter.

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.