Short Interest in Sow Good Inc. (NASDAQ:SOWG) Grows By 20.6%

Sow Good Inc. (NASDAQ:SOWG) saw a significant growth in short interest in August. As of August 31st, there was short interest totalling 297,000 shares, a growth of 20.6% from the August 15th total of 246,300 shares. Currently, 6.8% of the company’s stock are sold short. Based on an average trading volume of 102,600 shares, the short-interest ratio is presently 2.9 days.

Analyst Upgrades and Downgrades

Separately, Craig Hallum upped their price objective on Sow Good from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, June 3rd.

Hedge Funds Weigh In On Sow Good

Institutional investors and hedge funds have recently modified their holdings of the company. Swedbank AB purchased a new stake in Sow Good during the second quarter valued at $1,378,000. Accredited Investors Inc. bought a new stake in shares of Sow Good during the 2nd quarter valued at about $1,789,000. Perritt Capital Management Inc purchased a new stake in shares of Sow Good during the 2nd quarter valued at about $60,000. Abound Wealth Management bought a new position in shares of Sow Good in the 2nd quarter worth approximately $33,000. Finally, Marshall Wace LLP bought a new position in shares of Sow Good in the 2nd quarter worth approximately $1,826,000. 10.74% of the stock is currently owned by hedge funds and other institutional investors.

Sow Good Trading Up 2.7 %

NASDAQ:SOWG traded up $0.29 during mid-day trading on Monday, reaching $11.05. The company’s stock had a trading volume of 3,340 shares, compared to its average volume of 60,162. The company has a current ratio of 5.13, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $112.07 million, a PE ratio of -30.74 and a beta of 1.93. The firm’s fifty day simple moving average is $16.30. Sow Good has a 12-month low of $5.50 and a 12-month high of $24.83.

Sow Good (NASDAQ:SOWG) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.28. Sow Good had a net margin of 13.24% and a return on equity of 37.94%. The company had revenue of $15.65 million for the quarter, compared to the consensus estimate of $14.40 million. During the same quarter in the prior year, the firm earned ($0.68) earnings per share. Analysts predict that Sow Good will post 0.52 earnings per share for the current fiscal year.

About Sow Good

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.