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

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

Stryve Foods Stock Up 0.6 %

Shares of Stryve Foods stock traded up $0.01 during trading hours on Friday, reaching $1.59. The company’s stock had a trading volume of 113,136 shares, compared to its average volume of 32,043. The company has a market capitalization of $5.23 million, a P/E ratio of -0.20 and a beta of 1.07. The stock’s fifty day simple moving average is $1.66 and its two-hundred day simple moving average is $1.65. Stryve Foods has a one year low of $1.04 and a one year high of $3.45. The company has a debt-to-equity ratio of 9.65, a quick ratio of 0.19 and a current ratio of 0.42.

Stryve Foods (NASDAQ:SNAX) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.91) earnings per share (EPS) for the quarter, beating 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 return on equity of 2,100.61% and a negative net margin of 95.17%. On average, research analysts forecast that Stryve Foods will post -4.05 earnings per share for the current year.

Hedge Funds Weigh In On Stryve Foods

A hedge fund recently raised its stake in Stryve Foods stock. CWA Asset Management Group LLC increased its position in shares of Stryve Foods, Inc. (NASDAQ:SNAX) by 13.8% during the 4th quarter, according to the company in 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 quarter. CWA Asset Management Group LLC owned approximately 9.65% of Stryve Foods worth $602,000 as of its most recent SEC filing. 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.