Stryve Foods, Inc. (NASDAQ:SNAX) Short Interest Update

Stryve Foods, Inc. (NASDAQ:SNAXGet Free Report) saw a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 40,000 shares, a drop of 27.8% from the May 15th total of 55,400 shares. Based on an average daily trading volume, of 48,800 shares, the days-to-cover ratio is presently 0.8 days. Approximately 2.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Stryve Foods stock. CWA Asset Management Group LLC lifted its position in Stryve Foods, Inc. (NASDAQ:SNAXFree Report) by 13.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 231,555 shares of the company’s stock after purchasing an additional 28,000 shares during the quarter. CWA Asset Management Group LLC owned about 9.65% of Stryve Foods worth $602,000 as of its most recent SEC filing. Institutional investors own 40.28% of the company’s stock.

Stryve Foods Stock Down 3.4 %

Stryve Foods stock traded down $0.07 during midday trading on Friday, reaching $2.00. The company’s stock had a trading volume of 10,872 shares, compared to its average volume of 12,308. Stryve Foods has a 52-week low of $1.04 and a 52-week high of $10.47. The stock has a market capitalization of $6.58 million, a P/E ratio of -0.26 and a beta of 1.06. The company has a debt-to-equity ratio of 9.65, a current ratio of 0.47 and a quick ratio of 0.18. The stock’s 50-day simple moving average is $1.64 and its 200-day simple moving average is $1.75.

Stryve Foods (NASDAQ:SNAXGet Free Report) last announced its quarterly earnings data on Tuesday, May 14th. The company reported ($1.42) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.76) by $0.34. Stryve Foods had a negative return on equity of 432.63% and a negative net margin of 103.77%. The firm had revenue of $4.60 million during the quarter, compared to analysts’ expectations of $4.51 million. During the same period last year, the business posted ($2.25) earnings per share. On average, sell-side analysts expect that Stryve Foods will post -5.01 EPS for the current year.

About Stryve Foods

(Get Free Report)

Stryve Foods, Inc manufactures, markets, and sells snacking products in North America. The company's product portfolio consists primarily of air-dried meat snack products marketed under the Stryve, Kalahari, Braaitime, and Vacadillos brands. It also produces charcuterie slabs, thinly sliced steaks, air-dried beef sticks, biltong, biltong slabs, crisps, carne seca, sliced biltong, and droëwors products, as well as markets and sells human-grade pet treats under the brand Two Tails.

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