Sow Good Inc. (NASDAQ:SOWG) Sees Significant Growth in Short Interest

Sow Good Inc. (NASDAQ:SOWG) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 610,700 shares, an increase of 76.5% from the October 31st total of 346,000 shares. Based on an average daily trading volume, of 146,200 shares, the days-to-cover ratio is currently 4.2 days. Currently, 16.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Sow Good

Several large investors have recently modified their holdings of the business. Accredited Investors Inc. increased its position in shares of Sow Good by 181.2% during the third quarter. Accredited Investors Inc. now owns 251,373 shares of the company’s stock worth $2,939,000 after acquiring an additional 161,994 shares during the period. Bard Associates Inc. increased its holdings in Sow Good by 43.3% during the 3rd quarter. Bard Associates Inc. now owns 243,145 shares of the company’s stock worth $2,842,000 after purchasing an additional 73,445 shares during the period. Marshall Wace LLP acquired a new stake in Sow Good in the 2nd quarter valued at about $1,826,000. Abound Wealth Management acquired a new stake in Sow Good in the 2nd quarter valued at about $33,000. Finally, Perritt Capital Management Inc acquired a new stake in Sow Good in the 2nd quarter valued at about $60,000. Institutional investors and hedge funds own 10.74% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on SOWG. Roth Mkm downgraded Sow Good from a “buy” rating to a “neutral” rating and dropped their price target for the company from $17.00 to $4.00 in a research note on Friday, November 15th. Craig Hallum cut Sow Good from a “buy” rating to a “hold” rating and set a $4.50 price objective for the company. in a report on Friday, November 15th. Finally, Roth Capital cut Sow Good from a “strong-buy” rating to a “hold” rating in a report on Friday, November 15th.

Sow Good Stock Performance

Shares of SOWG stock traded up $0.06 during trading hours on Friday, reaching $3.59. The company had a trading volume of 32,410 shares, compared to its average volume of 86,134. The stock has a fifty day moving average of $8.78 and a 200-day moving average of $14.40. The company has a market capitalization of $36.76 million, a price-to-earnings ratio of 14.36 and a beta of 1.96. Sow Good has a 12-month low of $3.30 and a 12-month high of $24.83.

Sow Good Company Profile

Sow Good Inc is engaged in producing nutritious products in the freeze-dried food industry. Sow Good Inc, formerly known as Black Ridge Oil and Gas Inc, is based in IRVING, Texas.