Stryve Foods, Inc. (NASDAQ:SNAX) Sees Large Decrease in Short Interest

Stryve Foods, Inc. (NASDAQ:SNAX) was the target of a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 40,000 shares, a decline of 27.8% from the May 15th total of 55,400 shares. Approximately 2.2% of the company’s shares are short sold. Based on an average daily trading volume, of 48,800 shares, the short-interest ratio is presently 0.8 days.

Institutional Trading of Stryve Foods

An institutional investor recently raised its position in Stryve Foods stock. CWA Asset Management Group LLC increased its holdings in Stryve Foods, Inc. (NASDAQ:SNAX) by 13.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 231,555 shares of the company’s stock after buying an additional 28,000 shares during the period. CWA Asset Management Group LLC owned about 9.65% of Stryve Foods worth $602,000 as of its most recent filing with the Securities & Exchange Commission. 40.28% of the stock is currently owned by institutional investors and hedge funds.

Stryve Foods Trading Down 3.4 %

Shares of NASDAQ:SNAX traded down $0.07 during trading hours on Friday, hitting $2.00. 10,872 shares of the company’s stock traded hands, compared to its average volume of 12,308. Stryve Foods has a 1 year low of $1.04 and a 1 year high of $10.47. The business has a fifty day moving average price of $1.64 and a 200-day moving average price of $1.75. The firm has a market capitalization of $6.58 million, a P/E ratio of -0.26 and a beta of 1.06. The company has a debt-to-equity ratio of 9.65, a current ratio of 0.47 and a quick ratio of 0.18.

Stryve Foods (NASDAQ:SNAX) last announced its earnings results on Tuesday, May 14th. The company reported ($1.42) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.76) by $0.34. Stryve Foods had a negative return on equity of 432.63% and a negative net margin of 103.77%. The business had revenue of $4.60 million during the quarter, compared to analyst estimates of $4.51 million. During the same quarter in the previous year, the business earned ($2.25) earnings per share. Equities analysts expect that Stryve Foods will post -5.01 earnings per share for the current year.

Stryve Foods Company Profile

Stryve Foods, Inc manufactures, markets, and sells snacking products in North America. The company's product portfolio consists primarily of air-dried meat snack products marketed under the Stryve, Kalahari, Braaitime, and Vacadillos brands. It also produces charcuterie slabs, thinly sliced steaks, air-dried beef sticks, biltong, biltong slabs, crisps, carne seca, sliced biltong, and droëwors products, as well as markets and sells human-grade pet treats under the brand Two Tails.