Sow Good Inc. (NASDAQ:SOWG) Sees Large Drop in Short Interest

Sow Good Inc. (NASDAQ:SOWG – Get Free Report) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totaling 53,601 shares, a decrease of 61.9% from the August 31st total of 140,849 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 30,922 shares, the short-interest ratio is presently 1.7 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Sow Good from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, September 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Sow Good has a consensus rating of “Sell”.

Read Our Latest Report on Sow Good

Hedge Funds Weigh In On Sow Good

A hedge fund recently bought a new stake in Sow Good stock. BlackRock Inc. acquired a new position in shares of Sow Good Inc. (NASDAQ:SOWG – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 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 quarter. 10.74% of the stock is owned by institutional investors.

Sow Good Trading Up 0.5%

SOWG stock traded up $0.01 on Tuesday, hitting $2.21. 7,365 shares of the company’s stock traded hands, compared to its average volume of 22,765. The stock has a market cap of $44.42 million, a price-to-earnings ratio of -0.14 and a beta of 1.11. Sow Good has a 1-year low of $1.04 and a 1-year high of $15.90. The stock has a fifty day moving average of $3.10 and a 200-day moving average of $3.41.

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

Sow Good Company Profile

(Get Free Report)

Sow Good Inc is a food company that develops, manufactures and sells freeze-dried snacks under the Sow Good brand. Its product offerings include freeze-dried candy, fruit, vegetables and smoothie products designed to provide shelf-stable alternatives to conventional snacks.

The company markets its products through e-commerce, wholesale distribution and retail channels. Its offerings are sold in the United States through the company’s online platform and selected retail partners, with products generally positioned as convenient, portable snacks with an extended shelf life.

Sow Good was established in 2020 and is headquartered in Irving, Texas.

Further Reading

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