Sow Good Inc. (NASDAQ:SOWG) Sees Significant Decline in Short Interest

Sow Good Inc. (NASDAQ:SOWG) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 82,000 shares, a decline of 52.2% from the December 31st total of 171,700 shares. Currently, 15.6% of the company’s shares are sold short. Based on an average daily volume of 208,500 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Sow Good

Institutional investors have recently made changes to their positions in the business. Marshall Wace LLP acquired a new position in Sow Good in the second quarter worth about $1,826,000. Bard Associates Inc. grew its position in shares of Sow Good by 43.3% in the 3rd quarter. Bard Associates Inc. now owns 243,145 shares of the company’s stock worth $2,842,000 after acquiring an additional 73,445 shares in the last quarter. Finally, Accredited Investors Inc. grew its position in shares of Sow Good by 181.2% in the 3rd quarter. Accredited Investors Inc. now owns 251,373 shares of the company’s stock worth $2,939,000 after acquiring an additional 161,994 shares in the last quarter. 10.74% of the stock is owned by institutional investors and hedge funds.

Sow Good Stock Performance

Shares of NASDAQ SOWG traded up $0.24 during midday trading on Thursday, reaching $3.02. 18,654 shares of the company’s stock were exchanged, compared to its average volume of 137,376. The stock has a market capitalization of $30.92 million, a PE ratio of 12.08 and a beta of 1.87. Sow Good has a 52-week low of $1.98 and a 52-week high of $24.83. The business’s fifty day moving average price is $2.83 and its two-hundred day moving average price is $9.19.

Analysts Set New Price Targets

SOWG has been the topic of several recent research reports. Craig Hallum lowered shares of Sow Good from a “buy” rating to a “hold” rating and set a $4.50 target price on the stock. in a report on Friday, November 15th. Roth Mkm lowered Sow Good from a “buy” rating to a “neutral” rating and lowered their target price for the company from $17.00 to $4.00 in a research note on Friday, November 15th. Finally, Roth Capital lowered Sow Good from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 15th.

About Sow Good

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.