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

AGM Group Holdings Inc. (NASDAQ:AGMH) saw a large decrease in short interest in July. As of July 15th, there was short interest totaling 33,932 shares, a decrease of 36.4% from the June 30th total of 53,348 shares. Based on an average daily volume of 28,271 shares, the short-interest ratio is currently 1.2 days. Approximately 1.6% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

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

AGM Group Stock Performance

Shares of AGM Group stock opened at $0.73 on Thursday. AGM Group has a 1 year low of $0.70 and a 1 year high of $18.10. The firm’s 50-day simple moving average is $1.14 and its 200-day simple moving average is $1.23.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in AGM Group stock. Bank of America Corp DE purchased a new stake in AGM Group Holdings Inc. (NASDAQ:AGMH) in the second quarter, according to its most recent filing with the SEC. The fund purchased 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 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.