Sow Good Inc. (NASDAQ:SOWG) Short Interest Down 50.1% in August

Sow Good Inc. (NASDAQ:SOWGGet Free Report) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 86,442 shares, a decline of 50.1% from the July 30th total of 173,107 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 8,679 shares, the days-to-cover ratio is currently 10.0 days.

Institutional Trading of Sow Good

An institutional investor recently bought a new stake in Sow Good stock. BlackRock Inc. bought a new stake in Sow Good Inc. (NASDAQ:SOWGFree Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 71,562 shares of the company’s stock, valued at approximately $298,000. BlackRock Inc. owned 0.36% of Sow Good at the end of the most recent reporting period. 10.74% of the stock is owned by hedge funds and other institutional investors.

Sow Good Stock Up 3.6%

Sow Good stock traded up $0.11 during midday trading on Friday, hitting $3.16. 1,672 shares of the stock were exchanged, compared to its average volume of 6,549. The stock has a market capitalization of $63.52 million, a price-to-earnings ratio of -0.20 and a beta of 1.13. The business’s 50-day moving average price is $3.37 and its 200-day moving average price is $3.97. Sow Good has a 52-week low of $1.04 and a 52-week high of $18.15.

Sow Good (NASDAQ:SOWGGet Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The company reported ($0.19) earnings per share for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Sow Good in a research report on Friday, August 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Sow Good presently has an average rating of “Sell”.

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Sow Good Company Profile

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Sow Good Inc is engaged in producing nutritious products in the freeze-dried food industry. Sow Good Inc, formerly known as Black Ridge Oil and Gas Inc, is based in IRVING, Texas.

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