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

AGM Group Holdings Inc. (NASDAQ:AGMH) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 31,670 shares, a decrease of 42.2% from the May 14th total of 54,810 shares. Approximately 1.5% of the company’s stock are short sold. Based on an average daily volume of 101,333 shares, the short-interest ratio is currently 0.3 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of AGM Group in a report on Friday, May 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell” and a consensus target price of $5.77.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in AGM Group stock. Bank of America Corp DE acquired a new stake in shares of AGM Group Holdings Inc. (NASDAQ:AGMH) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,982 shares of the company’s stock, valued at approximately $37,000. Bank of America Corp DE owned approximately 3.02% of AGM Group as of its most recent SEC filing.

AGM Group Trading Up 16.4%

AGMH traded up $0.20 on Monday, reaching $1.39. The company’s stock had a trading volume of 172,540 shares, compared to its average volume of 178,863. AGM Group has a 1 year low of $0.77 and a 1 year high of $18.10. The business’s 50 day moving average is $1.03 and its 200 day moving average is $1.56.

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.