Stryve Foods, Inc. (NASDAQ:SNAX) Short Interest Update

Stryve Foods, Inc. (NASDAQ:SNAX) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 62,200 shares, a decline of 45.0% from the February 29th total of 113,100 shares. Based on an average trading volume of 37,300 shares, the days-to-cover ratio is presently 1.7 days. Approximately 6.4% of the company’s shares are sold short.

Hedge Funds Weigh In On Stryve Foods

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Cannell Capital LLC acquired a new stake in shares of Stryve Foods during the 1st quarter valued at approximately $1,924,000. Vanguard Group Inc. lifted its stake in shares of Stryve Foods by 150.0% during the 3rd quarter. Vanguard Group Inc. now owns 937,106 shares of the company’s stock worth $497,000 after purchasing an additional 562,244 shares during the period. CWA Asset Management Group LLC boosted its holdings in Stryve Foods by 13.8% in the fourth quarter. CWA Asset Management Group LLC now owns 231,555 shares of the company’s stock valued at $602,000 after acquiring an additional 28,000 shares during the last quarter. Citadel Advisors LLC acquired a new stake in Stryve Foods in the 3rd quarter valued at $95,000. Finally, Renaissance Technologies LLC grew its stake in shares of Stryve Foods by 52.2% during the third quarter. Renaissance Technologies LLC now owns 80,680 shares of the company’s stock valued at $43,000 after acquiring an additional 27,680 shares in the last quarter. 40.28% of the stock is currently owned by hedge funds and other institutional investors.

Stryve Foods Stock Down 1.6 %

SNAX traded down $0.02 on Thursday, hitting $1.35. 34,787 shares of the company were exchanged, compared to its average volume of 42,248. The company has a market cap of $3.24 million, a price-to-earnings ratio of -0.16 and a beta of 0.99. The firm has a 50-day moving average price of $1.38 and a two-hundred day moving average price of $2.29. Stryve Foods has a twelve month low of $1.13 and a twelve month high of $12.75. The company has a current ratio of 0.76, a quick ratio of 0.31 and a debt-to-equity ratio of 2.70.

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.