Sow Good Inc. (NASDAQ:SOWG) Short Interest Up 62.9% in August

Sow Good Inc. (NASDAQ:SOWG) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 140,849 shares, a growth of 62.9% from the August 15th total of 86,442 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 3,601 shares, the days-to-cover ratio is currently 39.1 days.

Sow Good Stock Performance

Shares of NASDAQ:SOWG traded up $0.14 during trading on Thursday, reaching $3.00. 24,205 shares of the stock were exchanged, compared to its average volume of 168,281. Sow Good has a 12-month low of $1.04 and a 12-month high of $18.15. The firm has a market cap of $60.32 million, a price-to-earnings ratio of -0.19 and a beta of 1.11. The firm’s 50-day moving average price is $3.28 and its 200 day moving average price is $3.61.

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

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Sow Good from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, September 4th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On Sow Good

A hedge fund recently bought a new position in Sow Good stock. BlackRock Inc. acquired a new stake in shares of Sow Good Inc. (NASDAQ:SOWG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 71,562 shares of the company’s stock, valued at approximately $298,000. BlackRock Inc. owned approximately 0.36% of Sow Good as of its most recent SEC filing. 10.74% of the stock is currently owned by institutional investors.

Sow Good Company Profile

Sow Good Inc is a food company that develops, manufactures and sells freeze-dried snacks under the Sow Good brand. Its product offerings include freeze-dried candy, fruit, vegetables and smoothie products designed to provide shelf-stable alternatives to conventional snacks.

The company markets its products through e-commerce, wholesale distribution and retail channels. Its offerings are sold in the United States through the company’s online platform and selected retail partners, with products generally positioned as convenient, portable snacks with an extended shelf life.

Sow Good was established in 2020 and is headquartered in Irving, Texas.