Stryve Foods, Inc. (NASDAQ:SNAX) Short Interest Up 63.4% in December

Stryve Foods, Inc. (NASDAQ:SNAX) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 90,500 shares, a growth of 63.4% from the November 30th total of 55,400 shares. Based on an average daily volume of 159,800 shares, the days-to-cover ratio is currently 0.6 days. Approximately 3.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Stryve Foods stock. CWA Asset Management Group LLC purchased a new stake in Stryve Foods, Inc. (NASDAQ:SNAX) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 231,630 shares of the company’s stock, valued at approximately $338,000. CWA Asset Management Group LLC owned about 6.91% of Stryve Foods as of its most recent SEC filing. Hedge funds and other institutional investors own 40.28% of the company’s stock.

Stryve Foods Stock Up 1.0 %

Shares of Stryve Foods stock traded up $0.01 during mid-day trading on Friday, hitting $0.67. The stock had a trading volume of 151,008 shares, compared to its average volume of 68,910. The firm has a market cap of $2.71 million, a P/E ratio of -0.12 and a beta of 1.08. The firm has a 50-day moving average of $0.84 and a two-hundred day moving average of $1.38. Stryve Foods has a 12-month low of $0.55 and a 12-month high of $2.95.

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.