Sow Good Inc. (NASDAQ:SOWG) Short Interest Update

Sow Good Inc. (NASDAQ:SOWG) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 53,601 shares, a decline of 61.9% from the August 31st total of 140,849 shares. Based on an average daily trading volume, of 30,922 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.3% of the shares of the stock are sold short.

Sow Good Stock Up 1.1%

SOWG stock traded up $0.03 during trading on Monday, hitting $2.29. The company had a trading volume of 2,870 shares, compared to its average volume of 162,514. The firm has a 50-day moving average price of $3.12 and a 200-day moving average price of $3.44. Sow Good has a 12 month low of $1.04 and a 12 month high of $15.90. The stock has a market cap of $45.93 million, a price-to-earnings ratio of -0.14 and a beta of 1.11.

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

Hedge Funds Weigh In On Sow Good

An institutional investor recently bought a new position in Sow Good stock. BlackRock Inc. acquired a new position in Sow Good Inc. (NASDAQ:SOWG) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 71,562 shares of the company’s stock, valued at approximately $298,000. BlackRock Inc. owned 0.36% of Sow Good as of its most recent SEC filing. Institutional investors and hedge funds own 10.74% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Sow Good from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, September 4th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Sow Good currently has an average rating of “Sell”.

Sow Good Company Profile

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.