Short Interest in Stryve Foods, Inc. (NASDAQ:SNAX) Drops By 28.8%

Stryve Foods, Inc. (NASDAQ:SNAX) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 314,800 shares, a decrease of 28.8% from the October 15th total of 442,000 shares. Based on an average daily volume of 143,600 shares, the short-interest ratio is presently 2.2 days. Currently, 16.2% of the company’s stock are sold short.

Stryve Foods Stock Up 4.6 %

SNAX stock traded up $0.04 during trading on Friday, hitting $0.93. 59,138 shares of the company’s stock traded hands, compared to its average volume of 65,578. The firm has a market capitalization of $3.11 million, a P/E ratio of -0.17 and a beta of 1.10. Stryve Foods has a 1 year low of $0.75 and a 1 year high of $3.45. The business has a fifty day simple moving average of $1.17 and a two-hundred day simple moving average of $1.58.

Stryve Foods (NASDAQ:SNAX) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.91) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.39) by $0.48. Stryve Foods had a negative return on equity of 2,100.61% and a negative net margin of 79.07%. The business had revenue of $6.18 million for the quarter, compared to the consensus estimate of $5.01 million. On average, equities research analysts predict that Stryve Foods will post -4.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Stryve Foods

A hedge fund recently bought a new stake in Stryve Foods stock. CWA Asset Management Group LLC bought a new stake in Stryve Foods, Inc. (NASDAQ:SNAX) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 231,630 shares of the company’s stock, valued at approximately $338,000. CWA Asset Management Group LLC owned approximately 6.91% of Stryve Foods as of its most recent SEC filing. 40.28% of the stock is owned by institutional investors and hedge funds.

Stryve Foods Company Profile

Stryve Foods, Inc manufactures, markets, and sells snacking products in North America. The company's product portfolio consists primarily of air-dried meat snack products marketed under the Stryve, Kalahari, Braaitime, and Vacadillos brands. It also produces charcuterie slabs, thinly sliced steaks, air-dried beef sticks, biltong, biltong slabs, crisps, carne seca, sliced biltong, and droëwors products, as well as markets and sells human-grade pet treats under the brand Two Tails.