Safety Shot, Inc. (NASDAQ:SHOT) Sees Significant Growth in Short Interest

Safety Shot, Inc. (NASDAQ:SHOT) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 2,430,000 shares, an increase of 18.5% from the March 15th total of 2,050,000 shares. Based on an average trading volume of 737,500 shares, the short-interest ratio is presently 3.3 days. Approximately 4.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Safety Shot

A number of hedge funds and other institutional investors have recently made changes to their positions in SHOT. Geode Capital Management LLC lifted its position in Safety Shot by 13.3% during the 4th quarter. Geode Capital Management LLC now owns 491,743 shares of the company’s stock worth $354,000 after acquiring an additional 57,876 shares during the period. Steward Partners Investment Advisory LLC raised its position in Safety Shot by 20.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 180,294 shares of the company’s stock worth $130,000 after buying an additional 30,000 shares during the last quarter. State Street Corp lifted its stake in shares of Safety Shot by 40.5% in the 3rd quarter. State Street Corp now owns 146,100 shares of the company’s stock worth $178,000 after acquiring an additional 42,100 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Safety Shot during the fourth quarter worth about $74,000. Finally, Jane Street Group LLC lifted its position in Safety Shot by 397.7% in the fourth quarter. Jane Street Group LLC now owns 102,267 shares of the company’s stock valued at $74,000 after purchasing an additional 81,720 shares during the period. Hedge funds and other institutional investors own 12.55% of the company’s stock.

Safety Shot Stock Down 6.0 %

NASDAQ:SHOT traded down $0.03 during trading hours on Monday, reaching $0.42. 844,118 shares of the company’s stock were exchanged, compared to its average volume of 829,643. Safety Shot has a 1-year low of $0.34 and a 1-year high of $1.80. The company has a 50-day moving average of $0.46 and a 200 day moving average of $0.71.

About Safety Shot

Safety Shot, Inc, a wellness and functional beverage company, researches and develops over-the-counter products and intellectual property. The company offers Safety Shot Beverage, an over-the-counter drink that lowers blood alcohol content. It also develops Photocil to address psoriasis and vitiligo; JW-700 to treat hair loss; JW-500 for women’s sexual wellness; and NoStingz, a jellyfish sting prevention sunscreen.