Safety Shot, Inc. (NASDAQ:SHOT) Short Interest Update

Safety Shot, Inc. (NASDAQ:SHOT) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 3,300,000 shares, a drop of 13.4% from the December 31st total of 3,810,000 shares. Based on an average trading volume of 898,700 shares, the days-to-cover ratio is presently 3.7 days. Currently, 6.4% of the company’s stock are sold short.

Hedge Funds Weigh In On Safety Shot

Institutional investors and hedge funds have recently modified their holdings of the stock. Tyler Stone Wealth Management boosted its position in Safety Shot by 100.0% during the third quarter. Tyler Stone Wealth Management now owns 34,200 shares of the company’s stock valued at $42,000 after purchasing an additional 17,100 shares during the last quarter. CreativeOne Wealth LLC acquired a new stake in shares of Safety Shot during the 3rd quarter valued at about $27,000. Geode Capital Management LLC lifted its holdings in shares of Safety Shot by 9.7% during the 3rd quarter. Geode Capital Management LLC now owns 433,867 shares of the company’s stock valued at $529,000 after buying an additional 38,258 shares during the last quarter. Total Investment Management Inc. bought a new stake in shares of Safety Shot in the 3rd quarter valued at approximately $49,000. Finally, State Street Corp increased its holdings in Safety Shot by 40.5% in the third quarter. State Street Corp now owns 146,100 shares of the company’s stock worth $178,000 after buying an additional 42,100 shares during the last quarter. 12.55% of the stock is currently owned by hedge funds and other institutional investors.

Safety Shot Stock Down 7.8 %

Safety Shot stock traded down $0.04 during trading hours on Friday, hitting $0.47. The company had a trading volume of 310,217 shares, compared to its average volume of 912,699. Safety Shot has a fifty-two week low of $0.45 and a fifty-two week high of $4.05. The firm’s fifty day moving average is $0.72 and its 200-day moving average is $0.92.

Safety Shot Company Profile

Safety Shot, Inc, a wellness and functional beverage company, researches and develops over-the-counter products and intellectual property. The company offers Safety Shot Beverage, an over-the-counter drink that lowers blood alcohol content. It also develops Photocil to address psoriasis and vitiligo; JW-700 to treat hair loss; JW-500 for women’s sexual wellness; and NoStingz, a jellyfish sting prevention sunscreen.