What’s Next for Agrofresh Solutions Inc (NASDAQ:AGFS) After Having More Shares Shorted?

April 17, 2018 - By Kenneth Lin

AgroFresh Solutions, Inc. (NASDAQ:AGFS) Logo

The stock of Agrofresh Solutions Inc (NASDAQ:AGFS) registered an increase of 19.32% in short interest. AGFS’s total short interest was 1.19M shares in April as published by FINRA. Its up 19.32% from 993,700 shares, reported previously. With 230,700 shares average volume, it will take short sellers 5 days to cover their AGFS’s short positions. The short interest to Agrofresh Solutions Inc’s float is 4.4%.

The stock decreased 0.54% or $0.04 during the last trading session, reaching $7.31. About 62,510 shares traded. AgroFresh Solutions, Inc. (NASDAQ:AGFS) has risen 76.98% since April 17, 2017 and is uptrending. It has outperformed by 65.43% the S&P500.

AgroFresh Solutions, Inc. provides data-driven specialty solutions worldwide. The company has market cap of $372.10 million. The firm uses 1-Methylcyclopropene technology, an ethylene action inhibitor to maintain freshness and extend the shelf life of various fresh produce. It has a 15.55 P/E ratio. The Company’s solutions enable growers and packers of fresh produce to preserve and enhance the freshness, quality, and value of fresh produce, including apples, pears, kiwifruit, avocados, and bananas, as well as flowers.

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