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

Sow Good Inc. (NASDAQ:SOWGGet Free Report) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 86,442 shares, a decline of 50.1% from the July 30th total of 173,107 shares. Based on an average trading volume of 8,679 shares, the days-to-cover ratio is presently 10.0 days. Approximately 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 research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Sow Good has a consensus rating of “Sell”.

Read Our Latest Analysis on SOWG

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sow Good stock. BlackRock Inc. bought a new position in shares of Sow Good Inc. (NASDAQ:SOWGFree Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 71,562 shares of the company’s stock, valued at approximately $298,000. BlackRock Inc. owned 0.36% of Sow Good at the end of the most recent quarter. Institutional investors own 10.74% of the company’s stock.

Sow Good Stock Up 3.6%

Shares of SOWG traded up $0.11 during trading hours on Friday, hitting $3.16. 1,672 shares of the company were exchanged, compared to its average volume of 6,549. The firm’s fifty day moving average is $3.37 and its 200 day moving average is $3.97. The company has a market cap of $63.52 million, a price-to-earnings ratio of -0.20 and a beta of 1.13. Sow Good has a fifty-two week low of $1.04 and a fifty-two week high of $18.15.

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

Sow Good Company Profile

(Get Free Report)

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.

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