Short Interest in AGM Group Holdings Inc. (NASDAQ:AGMH) Expands By 83.1%

AGM Group Holdings Inc. (NASDAQ:AGMH) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 263,300 shares, a growth of 83.1% from the January 15th total of 143,800 shares. Based on an average daily volume of 78,700 shares, the days-to-cover ratio is presently 3.3 days. Currently, 1.5% of the company’s stock are sold short.

AGM Group Stock Performance

AGMH stock opened at $0.79 on Friday. AGM Group has a 52-week low of $0.46 and a 52-week high of $2.19. The stock’s 50 day moving average is $1.29 and its two-hundred day moving average is $1.42.

Institutional Investors Weigh In On AGM Group

A hedge fund recently bought a new stake in AGM Group stock. Virtu Financial LLC purchased a new stake in AGM Group Holdings Inc. (NASDAQ:AGMH) in the third quarter, according to its most recent filing with the SEC. The fund purchased 18,456 shares of the company’s stock, valued at approximately $32,000. Virtu Financial LLC owned about 0.07% of AGM Group at the end of the most recent quarter.

About AGM Group

AGM Group Holdings Inc operates as a technology company, engages in the research and development of blockchain-oriented ASIC chip in Singapore, Hong Kong, and China. The company offers MetaTrader 5, a futures trading solution; and foreign exchange trading system that provides services to financial institutions.