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

Stryve Foods, Inc. (NASDAQ:SNAX) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 47,900 shares, a growth of 29.5% from the August 31st total of 37,000 shares. Approximately 2.8% of the shares of the stock are sold short. Based on an average trading volume of 20,100 shares, the days-to-cover ratio is presently 2.4 days.

Institutional Trading of Stryve Foods

A hedge fund recently raised its stake in Stryve Foods stock. CWA Asset Management Group LLC grew its stake in shares of Stryve Foods, Inc. (NASDAQ:SNAX) by 13.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 231,555 shares of the company’s stock after buying an additional 28,000 shares during the quarter. CWA Asset Management Group LLC owned approximately 9.65% of Stryve Foods worth $602,000 as of its most recent SEC filing. 40.28% of the stock is currently owned by institutional investors.

Stryve Foods Price Performance

NASDAQ:SNAX traded up $0.01 during mid-day trading on Friday, reaching $1.59. The stock had a trading volume of 113,136 shares, compared to its average volume of 32,043. The stock has a 50-day simple moving average of $1.66 and a two-hundred day simple moving average of $1.65. The stock has a market capitalization of $5.23 million, a PE ratio of -0.20 and a beta of 1.07. The company has a debt-to-equity ratio of 9.65, a current ratio of 0.42 and a quick ratio of 0.19. Stryve Foods has a 12 month low of $1.04 and a 12 month high of $3.45.

Stryve Foods (NASDAQ:SNAX) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.91) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.39) by $0.48. The business had revenue of $6.18 million for the quarter, compared to analysts’ expectations of $5.01 million. Stryve Foods had a negative net margin of 95.17% and a negative return on equity of 2,100.61%. On average, equities analysts anticipate that Stryve Foods will post -4.05 earnings per share for the current year.

About Stryve Foods

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.