Sow Good Inc. (NASDAQ:SOWG) Sees Significant Growth in Short Interest

Sow Good Inc. (NASDAQ:SOWG) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 610,700 shares, a growth of 76.5% from the October 31st total of 346,000 shares. Currently, 16.0% of the shares of the company are short sold. Based on an average trading volume of 146,200 shares, the days-to-cover ratio is currently 4.2 days.

Analysts Set New Price Targets

SOWG has been the topic of a number of recent research reports. Roth Mkm cut shares of Sow Good from a “buy” rating to a “neutral” rating and cut their target price for the company from $17.00 to $4.00 in a report on Friday, November 15th. Roth Capital cut shares of Sow Good from a “strong-buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Craig Hallum cut shares of Sow Good from a “buy” rating to a “hold” rating and set a $4.50 price objective on the stock. in a research note on Friday, November 15th.

Sow Good Stock Performance

SOWG traded up $0.06 during trading on Friday, hitting $3.59. The stock had a trading volume of 32,410 shares, compared to its average volume of 86,134. The firm has a market capitalization of $36.76 million, a P/E ratio of 14.36 and a beta of 1.96. The company’s 50-day moving average price is $8.78 and its 200 day moving average price is $14.40. Sow Good has a twelve month low of $3.30 and a twelve month high of $24.83.

Institutional Investors Weigh In On Sow Good

Several institutional investors have recently made changes to their positions in SOWG. Abound Wealth Management purchased a new stake in shares of Sow Good in the 2nd quarter worth about $33,000. Perritt Capital Management Inc purchased a new stake in shares of Sow Good in the 2nd quarter worth about $60,000. Swedbank AB purchased a new stake in shares of Sow Good in the 2nd quarter worth about $1,378,000. Bard Associates Inc. boosted its position in shares of Sow Good by 43.3% in the 3rd 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, Accredited Investors Inc. purchased a new stake in shares of Sow Good in the 2nd quarter worth about $1,789,000. 10.74% of the stock is currently owned by hedge funds and other institutional investors.

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.