AGM Group Holdings Inc. (NASDAQ:AGMH) Short Interest Update

AGM Group Holdings Inc. (NASDAQ:AGMH) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 142,035 shares, an increase of 256.3% from the January 15th total of 39,866 shares. Currently, 6.8% of the shares of the company are short sold. Based on an average daily trading volume, of 631,137 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 631,137 shares, the days-to-cover ratio is currently 0.2 days. Currently, 6.8% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of AGM Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell” and an average price target of $5.77.

Institutional Investors Weigh In On AGM Group

A hedge fund recently bought a new stake in AGM Group stock. Bank of America Corp DE bought a new stake in AGM Group Holdings Inc. (NASDAQ:AGMH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 15,982 shares of the company’s stock, valued at approximately $37,000. Bank of America Corp DE owned about 3.02% of AGM Group at the end of the most recent quarter.

AGM Group Stock Up 2.1%

NASDAQ:AGMH opened at $1.49 on Wednesday. The firm’s fifty day simple moving average is $2.15 and its 200-day simple moving average is $3.20. AGM Group has a fifty-two week low of $1.09 and a fifty-two week high of $43.50.

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

About AGM Group

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.