Short Interest in Sow Good Inc. (NASDAQ:SOWG) Drops By 50.1%

Sow Good Inc. (NASDAQ:SOWG) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 86,442 shares, a drop of 50.1% from the July 30th total of 173,107 shares. Based on an average daily volume of 8,679 shares, the days-to-cover ratio is presently 10.0 days. Currently, 0.4% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Sow Good in a research note on Friday, August 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Sow Good has a consensus rating of “Sell”.

Institutional Investors Weigh In On Sow Good

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

Sow Good Stock Up 3.6%

Shares of Sow Good stock opened at $3.16 on Friday. Sow Good has a 12-month low of $1.04 and a 12-month high of $18.15. The stock has a market capitalization of $63.52 million, a P/E ratio of -0.20 and a beta of 1.13. The company has a 50-day simple moving average of $3.37 and a 200 day simple moving average of $3.97.

Sow Good (NASDAQ:SOWG) last issued its quarterly earnings data on Wednesday, August 19th. The company reported ($0.19) earnings per share for the quarter.

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.