Sow Good Inc. (NASDAQ:SOWG) Short Interest Down 50.1% in August

Sow Good Inc. (NASDAQ:SOWG) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 86,442 shares, a decrease of 50.1% from the July 30th total of 173,107 shares. Based on an average daily volume of 8,679 shares, the days-to-cover ratio is presently 10.0 days. Currently, 0.4% of the shares of the company are short sold.

Institutional Trading of Sow Good

A hedge fund recently bought a new stake in Sow Good stock. BlackRock Inc. bought a new stake in shares of Sow Good Inc. (NASDAQ:SOWG) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 71,562 shares of the company’s stock, valued at approximately $298,000. BlackRock Inc. owned 0.36% of Sow Good at the end of the most recent reporting period. Institutional investors and hedge funds own 10.74% of the company’s stock.

Sow Good Trading Down 2.7%

Shares of NASDAQ:SOWG traded down $0.09 during midday trading on Monday, reaching $3.08. 1,672 shares of the company were exchanged, compared to its average volume of 6,316. The stock has a market cap of $61.81 million, a PE ratio of -0.19 and a beta of 1.13. The business’s fifty day moving average is $3.37 and its two-hundred day moving average is $3.93. Sow Good has a one year low of $1.04 and a one year high of $18.15.

Sow Good (NASDAQ:SOWG) last posted its earnings results on Wednesday, August 19th. The company reported ($0.19) EPS for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Sow Good in a research report on Friday, August 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Sow Good has an average rating of “Sell”.

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.