Short Interest in Strive, Inc. (NASDAQ:ASST) Increases By 123.0%

Strive, Inc. (NASDAQ:ASST) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 21,120,000 shares, an increase of 123.0% from the September 15th total of 9,470,000 shares. Currently, 7.8% of the company’s shares are short sold. Based on an average daily trading volume, of 7,590,000 shares, the short-interest ratio is currently 2.8 days. Based on an average daily trading volume, of 7,590,000 shares, the short-interest ratio is currently 2.8 days. Currently, 7.8% of the company’s shares are short sold.

Strive Price Performance

Shares of NASDAQ:ASST opened at $0.83 on Wednesday. The firm has a market capitalization of $13.79 million, a PE ratio of -0.43 and a beta of 16.75. The firm’s 50-day moving average is $3.93 and its two-hundred day moving average is $4.20. Strive has a 1 year low of $0.34 and a 1 year high of $13.42.

Strive (NASDAQ:ASST) last issued its quarterly earnings results on Tuesday, August 5th. The company reported ($0.17) earnings per share (EPS) for the quarter. Strive had a negative return on equity of 246.95% and a negative net margin of 996.98%.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Strive from a “hold” rating to a “sell” rating in a report on Friday, September 26th.

Institutional Trading of Strive

A number of institutional investors and hedge funds have recently bought and sold shares of ASST. McElhenny Sheffield Capital Management LLC purchased a new stake in shares of Strive during the second quarter worth approximately $39,000. Engineers Gate Manager LP purchased a new stake in shares of Strive during the second quarter worth approximately $40,000. Ground Swell Capital LLC purchased a new stake in shares of Strive during the second quarter worth approximately $40,000. Tower Research Capital LLC TRC increased its stake in shares of Strive by 180.4% during the second quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock worth $41,000 after buying an additional 7,057 shares during the period. Finally, Osaic Holdings Inc. purchased a new stake in shares of Strive during the second quarter worth approximately $41,000. 5.52% of the stock is currently owned by hedge funds and other institutional investors.

Strive Company Profile

Asset Entities Inc, a technology company, provides social media marketing and content delivery services across Discord, TikTok, and other social media platforms. It designs, develops, and manages servers for communities on Discord. The company offers discord investment education, entertainment, and marketing services.