Stryve Foods, Inc. (NASDAQ:SNAX) Sees Significant Growth in Short Interest

Stryve Foods, Inc. (NASDAQ:SNAX) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 112,400 shares, a growth of 36.6% from the March 31st total of 82,300 shares. Based on an average trading volume of 54,200 shares, the short-interest ratio is currently 2.1 days. Currently, 8.6% of the company’s stock are sold short.

Institutional Trading of Stryve Foods

An institutional investor recently raised its position in Stryve Foods stock. CWA Asset Management Group LLC increased its position in shares of Stryve Foods, Inc. (NASDAQ:SNAX) by 13.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 231,555 shares of the company’s stock after purchasing an additional 28,000 shares during the quarter. CWA Asset Management Group LLC owned 9.65% of Stryve Foods worth $602,000 as of its most recent SEC filing. 40.28% of the stock is owned by hedge funds and other institutional investors.

Stryve Foods Trading Up 3.8 %

Shares of SNAX traded up $0.05 during mid-day trading on Friday, hitting $1.36. 22,735 shares of the company traded hands, compared to its average volume of 46,284. The company has a debt-to-equity ratio of 9.65, a quick ratio of 0.20 and a current ratio of 0.53. The business has a 50 day moving average of $1.30 and a 200 day moving average of $1.97. Stryve Foods has a 1-year low of $1.04 and a 1-year high of $12.75.

Stryve Foods (NASDAQ:SNAX) last posted its quarterly earnings results on Monday, April 1st. The company reported ($2.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.96) by ($0.23). The company had revenue of $2.89 million during the quarter, compared to analysts’ expectations of $5.01 million. Stryve Foods had a negative return on equity of 251.75% and a negative net margin of 107.52%. Equities analysts predict that Stryve Foods will post -5.76 EPS for the current fiscal year.

About Stryve Foods

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.