Stryve Foods, Inc. (NASDAQ:SNAX) Sees Significant Growth in Short Interest

Stryve Foods, Inc. (NASDAQ:SNAX) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 112,400 shares, an increase of 36.6% from the March 31st total of 82,300 shares. Based on an average daily volume of 54,200 shares, the short-interest ratio is presently 2.1 days. Approximately 8.6% of the shares of the company are sold short.

Stryve Foods Stock Performance

Shares of NASDAQ:SNAX traded up $0.12 on Monday, reaching $1.48. 17,430 shares of the company’s stock were exchanged, compared to its average volume of 46,974. Stryve Foods has a fifty-two week low of $1.04 and a fifty-two week high of $12.75. The business’s 50-day moving average is $1.30 and its two-hundred day moving average is $1.95. The company has a quick ratio of 0.20, a current ratio of 0.53 and a debt-to-equity ratio of 9.65. The firm has a market capitalization of $4.69 million, a price-to-earnings ratio of -0.17 and a beta of 1.01.

Stryve Foods (NASDAQ:SNAX) last released its quarterly earnings data on Monday, April 1st. The company reported ($2.19) earnings per share for the quarter, missing the consensus estimate of ($1.96) by ($0.23). Stryve Foods had a negative return on equity of 251.75% and a negative net margin of 107.52%. The business had revenue of $2.89 million for the quarter, compared to analyst estimates of $5.01 million. As a group, equities research analysts forecast that Stryve Foods will post -5.76 EPS for the current year.

Institutional Trading of Stryve Foods

A hedge fund recently raised its stake in Stryve Foods stock. CWA Asset Management Group LLC raised its position in shares of Stryve Foods, Inc. (NASDAQ:SNAX) by 13.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 9.65% of Stryve Foods worth $602,000 at the end of the most recent quarter. Institutional investors and hedge funds own 40.28% of the company’s stock.

Stryve Foods Company Profile

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.