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

Sow Good Inc. (NASDAQ:SOWG) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 183,600 shares, a decrease of 32.3% from the November 30th total of 271,200 shares. Currently, 4.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 163,000 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Abound Wealth Management acquired a new position in shares of Sow Good during the 2nd quarter worth about $33,000. Perritt Capital Management Inc acquired a new position in Sow Good during the second quarter valued at approximately $60,000. Bard Associates Inc. grew its stake in Sow Good by 43.3% in the third quarter. Bard Associates Inc. now owns 243,145 shares of the company’s stock valued at $2,842,000 after purchasing an additional 73,445 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Sow Good during the 2nd quarter worth approximately $1,826,000. Finally, Accredited Investors Inc. raised its stake in shares of Sow Good by 181.2% during the 3rd quarter. Accredited Investors Inc. now owns 251,373 shares of the company’s stock worth $2,939,000 after purchasing an additional 161,994 shares in the last quarter. Institutional investors own 10.74% of the company’s stock.

Sow Good Price Performance

Shares of SOWG traded down $0.12 during mid-day trading on Friday, hitting $2.23. 661,379 shares of the company’s stock were exchanged, compared to its average volume of 93,507. Sow Good has a 52 week low of $2.10 and a 52 week high of $24.83. The company has a market cap of $22.85 million, a PE ratio of 8.92 and a beta of 1.77. The company has a 50-day simple moving average of $5.53 and a 200 day simple moving average of $12.13.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Roth Capital lowered Sow Good from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 15th. Roth Mkm cut Sow Good from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $17.00 to $4.00 in a report on Friday, November 15th. Finally, Craig Hallum lowered shares of Sow Good from a “buy” rating to a “hold” rating and set a $4.50 target price on the stock. in a research note on Friday, November 15th.

Sow Good Company Profile

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.