Stryve Foods, Inc. (NASDAQ:SNAX) Short Interest Update

Stryve Foods, Inc. (NASDAQ:SNAX) was the target of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 314,800 shares, a decrease of 28.8% from the October 15th total of 442,000 shares. Approximately 16.2% of the shares of the stock are sold short. Based on an average trading volume of 143,600 shares, the days-to-cover ratio is presently 2.2 days.

Stryve Foods Stock Performance

SNAX traded down $0.05 during trading on Thursday, reaching $0.88. The stock had a trading volume of 97,902 shares, compared to its average volume of 65,603. The business has a 50-day moving average of $1.18 and a 200-day moving average of $1.58. Stryve Foods has a one year low of $0.75 and a one year high of $3.45. The stock has a market cap of $2.94 million, a PE ratio of -0.13 and a beta of 1.10.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Stryve Foods stock. CWA Asset Management Group LLC acquired a new position in Stryve Foods, Inc. (NASDAQ:SNAX) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 231,630 shares of the company’s stock, valued at approximately $338,000. CWA Asset Management Group LLC owned approximately 6.91% of Stryve Foods at the end of the most recent quarter. Institutional investors own 40.28% of the company’s stock.

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.