Short Interest in Stryve Foods, Inc. (NASDAQ:SNAX) Rises By 29.5%

Stryve Foods, Inc. (NASDAQ:SNAX) saw a large growth in short interest in September. As of September 15th, there was short interest totalling 47,900 shares, a growth of 29.5% from the August 31st total of 37,000 shares. Based on an average daily trading volume, of 20,100 shares, the days-to-cover ratio is currently 2.4 days. Approximately 2.8% of the shares of the company are short sold.

Institutional Trading of Stryve Foods

A hedge fund recently raised its stake in Stryve Foods stock. CWA Asset Management Group LLC boosted its position in Stryve Foods, Inc. (NASDAQ:SNAX) by 13.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 231,555 shares of the company’s stock after purchasing an additional 28,000 shares during the period. CWA Asset Management Group LLC owned about 9.65% of Stryve Foods worth $602,000 as of its most recent SEC filing. 40.28% of the stock is owned by hedge funds and other institutional investors.

Stryve Foods Stock Performance

Shares of SNAX stock traded up $0.01 during trading hours on Friday, reaching $1.59. The company had a trading volume of 112,905 shares, compared to its average volume of 32,043. The company has a debt-to-equity ratio of 9.65, a quick ratio of 0.19 and a current ratio of 0.42. The business has a fifty day moving average price of $1.66 and a 200-day moving average price of $1.65. Stryve Foods has a one year low of $1.04 and a one year high of $3.45. The firm has a market cap of $5.23 million, a PE ratio of -0.20 and a beta of 1.07.

Stryve Foods (NASDAQ:SNAX) last posted its earnings results on Wednesday, August 14th. The company reported ($0.91) EPS for the quarter, topping analysts’ consensus estimates of ($1.39) by $0.48. The business had revenue of $6.18 million during the quarter, compared to the consensus estimate of $5.01 million. Stryve Foods had a negative net margin of 95.17% and a negative return on equity of 2,100.61%. Sell-side analysts predict that Stryve Foods will post -4.05 earnings per share for the current fiscal year.

About Stryve Foods

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.