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

Stryve Foods, Inc. (NASDAQ:SNAX) saw a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 40,000 shares, a decrease of 27.8% from the May 15th total of 55,400 shares. Approximately 2.2% of the shares of the stock are sold short. Based on an average trading volume of 48,800 shares, the short-interest ratio is presently 0.8 days.

Stryve Foods Price Performance

Shares of NASDAQ:SNAX traded down $0.07 on Friday, reaching $2.00. 10,872 shares of the company traded hands, compared to its average volume of 12,308. Stryve Foods has a fifty-two week low of $1.04 and a fifty-two week high of $10.47. The company’s 50 day moving average is $1.64 and its 200-day moving average is $1.75. The stock has a market capitalization of $6.58 million, a PE 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.

Stryve Foods (NASDAQ:SNAX) last announced its earnings results on Tuesday, May 14th. The company reported ($1.42) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.76) by $0.34. Stryve Foods had a negative net margin of 103.77% and a negative return on equity of 432.63%. The company had revenue of $4.60 million for the quarter, compared to the consensus estimate of $4.51 million. During the same period in the previous year, the business earned ($2.25) EPS. As a group, analysts anticipate that Stryve Foods will post -5.01 earnings per share for the current fiscal year.

Institutional Trading of Stryve Foods

An institutional investor recently raised its position in Stryve Foods stock. CWA Asset Management Group LLC raised its position in shares of Stryve Foods, Inc. (NASDAQ:SNAX) by 13.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 9.65% of Stryve Foods worth $602,000 at the end of the most recent quarter. Institutional investors own 40.28% of the company’s stock.

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.