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AGM Group Holdings Inc. (NASDAQ:AGMH) Sees Large Decline in Short Interest

Defense World ·  Mar 13, 2023 03:52

AGM Group Holdings Inc. (NASDAQ:AGMH – Get Rating) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 33,400 shares, a decline of 16.7% from the February 13th total of 40,100 shares. Based on an average daily trading volume, of 17,800 shares, the short-interest ratio is currently 1.9 days. Approximately 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On AGM Group

A hedge fund recently raised its stake in AGM Group stock. Virtu Financial LLC boosted its stake in AGM Group Holdings Inc. (NASDAQ:AGMH – Get Rating) by 103.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,648 shares of the company's stock after purchasing an additional 21,211 shares during the quarter. Virtu Financial LLC owned about 0.16% of AGM Group worth $87,000 as of its most recent SEC filing. 3.21% of the stock is owned by institutional investors.

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AGM Group Price Performance

Shares of NASDAQ:AGMH opened at $1.67 on Monday. The business's 50 day moving average is $1.67 and its 200-day moving average is $1.73. AGM Group has a 1-year low of $1.16 and a 1-year high of $2.59.

AGM Group Company Profile

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AGM Group Holdings, Inc is a financial technology company, which engages in the provision of financial solutions. The firm focuses on the delivery of trading platform solutions and financial technologies to brokers and institutional clients. Its activities include online trading platform application and computer program technical support and solution service.

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