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AgriFORCE Growing Systems Ltd. (NASDAQ:AGRI) Sees Large Growth in Short Interest

kopsource ·  Aug 13, 2022 11:21

AgriFORCE Growing Systems Ltd. (NASDAQ:AGRI – Get Rating) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 190,400 shares, a growth of 32.9% from the July 15th total of 143,300 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average trading volume of 4,090,000 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On AgriFORCE Growing Systems

Large investors have recently modified their holdings of the business. 1832 Asset Management L.P. purchased a new stake in AgriFORCE Growing Systems in the 1st quarter valued at $81,000. Renaissance Technologies LLC raised its position in AgriFORCE Growing Systems by 100.0% in the first quarter. Renaissance Technologies LLC now owns 33,800 shares of the company's stock valued at $104,000 after purchasing an additional 16,900 shares during the period. Jane Street Group LLC purchased a new stake in AgriFORCE Growing Systems in the first quarter valued at $133,000. Finally, Virtu Financial LLC grew its holdings in shares of AgriFORCE Growing Systems by 293.0% during the 1st quarter. Virtu Financial LLC now owns 85,934 shares of the company's stock worth $265,000 after purchasing an additional 64,068 shares during the period. Hedge funds and other institutional investors own 0.89% of the company's stock.

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Analysts Set New Price Targets

Separately, Roth Capital reaffirmed a "buy" rating on shares of AgriFORCE Growing Systems in a report on Monday, April 25th.

AgriFORCE Growing Systems Price Performance

AgriFORCE Growing Systems stock traded up $0.05 during midday trading on Friday, reaching $1.76. The company had a trading volume of 92,912 shares, compared to its average volume of 171,479. AgriFORCE Growing Systems has a 12-month low of $1.12 and a 12-month high of $7.15. The firm's fifty day simple moving average is $2.10 and its 200-day simple moving average is $2.28. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.33.

AgriFORCE Growing Systems (NASDAQ:AGRI – Get Rating) last issued its quarterly earnings results on Monday, May 16th. The company reported ($0.19) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.19). On average, analysts anticipate that AgriFORCE Growing Systems will post -0.23 EPS for the current year.

AgriFORCE Growing Systems Company Profile

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AgriFORCE Growing Systems Ltd., an agriculture-focused technology company, focuses on the development and commercialization of plant-based ingredients and products for businesses and consumers that deliver healthier and nutritious solutions. It also engages in the real estate holding and development activities; provision of management advisory services; and intellectual property development activities.

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