Sow Good Inc. (NASDAQ:SOWG) Short Interest Update

Sow Good Inc. (NASDAQ:SOWG) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 82,000 shares, a drop of 52.2% from the December 31st total of 171,700 shares. Based on an average daily volume of 208,500 shares, the short-interest ratio is currently 0.4 days. Approximately 15.6% of the shares of the company are short sold.

Institutional Trading of Sow Good

Several hedge funds have recently added to or reduced their stakes in the business. Accredited Investors Inc. raised its stake in shares of Sow Good by 181.2% in the 3rd quarter. Accredited Investors Inc. now owns 251,373 shares of the company’s stock worth $2,939,000 after buying an additional 161,994 shares in the last quarter. Bard Associates Inc. boosted its holdings in Sow Good by 43.3% during the third quarter. Bard Associates Inc. now owns 243,145 shares of the company’s stock worth $2,842,000 after buying an additional 73,445 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Sow Good in the second quarter worth approximately $1,826,000. Institutional investors own 10.74% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on SOWG. Roth Mkm downgraded Sow Good from a “buy” rating to a “neutral” rating and cut their price target for the stock from $17.00 to $4.00 in a report on Friday, November 15th. Craig Hallum downgraded Sow Good from a “buy” rating to a “hold” rating and set a $4.50 price target on the stock. in a report on Friday, November 15th. Finally, Roth Capital downgraded Sow Good from a “strong-buy” rating to a “hold” rating in a report on Friday, November 15th.

Sow Good Stock Up 8.6 %

Sow Good stock traded up $0.24 during mid-day trading on Thursday, hitting $3.02. 18,654 shares of the company’s stock traded hands, compared to its average volume of 137,376. The firm has a 50 day moving average price of $2.83 and a 200 day moving average price of $9.19. The company has a market cap of $30.92 million, a PE ratio of 12.08 and a beta of 1.87. Sow Good has a one year low of $1.98 and a one year high of $24.83.

Sow Good Company Profile

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.