The stock of Agrofresh Solutions Incorporated (NASDAQ:AGFS) registered an increase of 3.63% in short interest. AGFS’s total short interest was 2.32M shares in September as published by FINRA. Its up 3.63% from 2.24M shares, reported previously. With 159,600 shares average volume, it will take short sellers 15 days to cover their AGFS’s short positions. The short interest to Agrofresh Solutions Incorporated’s float is 8.64%. About 42,388 shares traded hands. AgroFresh Solutions Inc (NASDAQ:AGFS) has risen 19.01% since February 8, 2016 and is uptrending. It has outperformed by 2.52% the S&P500.
AgroFresh Solutions, Inc., formerly Boulevard Acquisition Corp., is a developer of agricultural technologies that preserve the freshness and value of fresh produce, including apples, pears, kiwifruit, avocados and bananas, as well as flowers. The company has a market cap of $303.46 million. The Company’s principal product, The SmartFresh Quality System , regulates the post-harvest ripening effects of ethylene, the naturally occurring plant hormone that triggers ripening in certain fruits and vegetables, through technology. It currently has negative earnings. SmartFresh is naturally biodegradable and leaves no detectable residue, which has significant consumer appeal.
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