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

AGM Group Holdings Inc. (NASDAQ:AGMH) was the recipient of a significant 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 short-interest ratio is currently 0.2 days. Currently, 7.5% of the company’s shares are sold short.

Analysts Set New Price Targets

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 research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has an average rating of “Sell”.

AGM Group Stock Down 4.1%

AGM Group stock traded down $0.02 during trading hours on Tuesday, hitting $0.52. The company had a trading volume of 66,817 shares, compared to its average volume of 600,665. AGM Group has a one year low of $0.48 and a one year high of $5.32. The firm has a 50-day moving average of $0.86 and a 200 day moving average of $0.98.

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

About AGM Group

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.