Strive, Inc. (NASDAQ:ASST) Short Interest Up 123.0% in September

Strive, Inc. (NASDAQ:ASST) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 21,120,000 shares, a growth of 123.0% from the September 15th total of 9,470,000 shares. Currently, 7.8% of the shares of the stock are short sold. Based on an average trading volume of 7,590,000 shares, the short-interest ratio is presently 2.8 days. Based on an average trading volume of 7,590,000 shares, the short-interest ratio is presently 2.8 days. Currently, 7.8% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Strive from a “hold” rating to a “sell” rating in a report on Friday, September 26th.

Institutional Investors Weigh In On Strive

Hedge funds and other institutional investors have recently bought and sold shares of the company. McElhenny Sheffield Capital Management LLC bought a new stake in Strive during the 2nd quarter worth $39,000. Engineers Gate Manager LP bought a new stake in Strive during the 2nd quarter worth $40,000. Ground Swell Capital LLC bought a new stake in Strive during the 2nd quarter worth $40,000. Osaic Holdings Inc. bought a new stake in Strive during the 2nd quarter worth $41,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Strive by 180.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock valued at $41,000 after buying an additional 7,057 shares during the last quarter. Institutional investors own 5.52% of the company’s stock.

Strive Stock Performance

Strive stock opened at $0.83 on Monday. Strive has a 52 week low of $0.34 and a 52 week high of $13.42. The stock has a market capitalization of $13.87 million, a P/E ratio of -0.43 and a beta of 16.75. The stock has a fifty day moving average of $4.07 and a 200-day moving average of $4.22.

Strive (NASDAQ:ASST) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($0.17) EPS for the quarter. Strive had a negative return on equity of 246.95% and a negative net margin of 996.98%.

About Strive

Asset Entities Inc, a technology company, provides social media marketing and content delivery services across Discord, TikTok, and other social media platforms. It designs, develops, and manages servers for communities on Discord. The company offers discord investment education, entertainment, and marketing services.