Sow Good Inc. (NASDAQ:SOWG – Get Free Report) saw a significant growth in short interest in 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. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 3,601 shares, the short-interest ratio is currently 39.1 days.
Sow Good Price Performance
NASDAQ SOWG opened at $2.98 on Friday. The company has a 50 day simple moving average of $3.27 and a 200-day simple moving average of $3.58. Sow Good has a 52-week low of $1.04 and a 52-week high of $18.15. The firm has a market capitalization of $59.90 million, a price-to-earnings ratio of -0.19 and a beta of 1.11.
Sow Good (NASDAQ:SOWG – Get Free Report) last released its quarterly earnings data on Wednesday, August 19th. The company reported ($0.19) earnings per share for the quarter.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on SOWG
Hedge Funds Weigh In On Sow Good
A hedge fund recently bought a new stake in Sow Good stock. BlackRock Inc. acquired a new stake in shares of Sow Good Inc. (NASDAQ:SOWG – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 71,562 shares of the company’s stock, valued at approximately $298,000. BlackRock Inc. owned about 0.36% of Sow Good at the end of the most recent quarter. 10.74% of the stock is currently owned by institutional investors.
About Sow Good
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.
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