Sow Good Inc. (NASDAQ:SOWG) Sees Large Decrease in Short Interest

Sow Good Inc. (NASDAQ:SOWG) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 77,481 shares, a decline of 60.9% from the May 31st total of 198,269 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average trading volume of 146,593 shares, the days-to-cover ratio is presently 0.5 days.

Sow Good Stock Performance

SOWG stock traded up $0.09 during midday trading on Monday, reaching $3.44. 56,711 shares of the company’s stock traded hands, compared to its average volume of 235,146. The firm has a market capitalization of $69.21 million, a PE ratio of -0.14 and a beta of 1.39. The company has a 50-day moving average price of $2.08 and a two-hundred day moving average price of $5.59. Sow Good has a 52 week low of $1.04 and a 52 week high of $31.80. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.68 and a current ratio of 0.68.

Sow Good (NASDAQ:SOWG) last posted its quarterly earnings results on Wednesday, May 20th. The company reported ($0.13) EPS for the quarter. Sow Good had a negative return on equity of 78.61% and a negative net margin of 300.71%.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Sow Good from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently 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.