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

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

Stryve Foods Stock Performance

Shares of Stryve Foods stock traded up $0.04 during trading hours on Friday, reaching $0.93. 59,138 shares of the company were exchanged, compared to its average volume of 65,578. The firm has a market cap of $3.11 million, a PE ratio of -0.17 and a beta of 1.10. The stock’s fifty day moving average is $1.17 and its 200 day moving average is $1.58. Stryve Foods has a 1 year low of $0.75 and a 1 year high of $3.45.

Stryve Foods (NASDAQ:SNAX) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.91) earnings per share for the quarter, topping the consensus estimate of ($1.39) by $0.48. The company had revenue of $6.18 million for 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 79.07%. Research analysts expect that Stryve Foods will post -4.05 earnings per share for the current year.

Institutional Trading of Stryve Foods

A hedge fund recently bought a new stake in Stryve Foods stock. CWA Asset Management Group LLC purchased a new position in shares of Stryve Foods, Inc. (NASDAQ:SNAX) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 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 as of its most recent SEC filing. 40.28% of the stock is currently owned by institutional investors.

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.