Stryve Foods, Inc. (NASDAQ:SNAX) Short Interest Down 28.8% in October

Stryve Foods, Inc. (NASDAQ:SNAX) was the target of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 314,800 shares, a decline of 28.8% from the October 15th total of 442,000 shares. Currently, 16.2% of the company’s shares are short sold. Based on an average trading volume of 143,600 shares, the short-interest ratio is currently 2.2 days.

Hedge Funds Weigh In On Stryve Foods

An institutional investor recently bought a new position in Stryve Foods stock. CWA Asset Management Group LLC purchased a new position in shares of Stryve Foods, Inc. (NASDAQ:SNAX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 231,630 shares of the company’s stock, valued at approximately $338,000. CWA Asset Management Group LLC owned approximately 6.91% of Stryve Foods as of its most recent filing with the Securities & Exchange Commission. 40.28% of the stock is owned by institutional investors and hedge funds.

Stryve Foods Price Performance

Shares of SNAX stock traded up $0.04 during trading hours on Friday, hitting $0.93. The company had a trading volume of 59,138 shares, compared to its average volume of 65,578. Stryve Foods has a fifty-two week low of $0.75 and a fifty-two week high of $3.45. The company’s fifty day moving average is $1.17 and its 200 day moving average is $1.58. The stock has a market capitalization of $3.11 million, a PE ratio of -0.17 and a beta of 1.10.

Stryve Foods (NASDAQ:SNAX) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.91) EPS for the quarter, topping the consensus estimate of ($1.39) by $0.48. The business had revenue of $6.18 million during the quarter, compared to analyst estimates of $5.01 million. Stryve Foods had a negative return on equity of 2,100.61% and a negative net margin of 79.07%. Equities analysts forecast that Stryve Foods will post -4.05 earnings per share for the current year.

Stryve Foods Company Profile

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.