Stryve Foods, Inc. (NASDAQ:SNAX) Short Interest Down 13.6% in June

Stryve Foods, Inc. (NASDAQ:SNAX) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totalling 37,600 shares, a drop of 13.6% from the June 15th total of 43,500 shares. Based on an average daily volume of 16,100 shares, the days-to-cover ratio is presently 2.3 days. Currently, 2.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On Stryve Foods

A hedge fund recently raised its stake in Stryve Foods stock. CWA Asset Management Group LLC grew its position in Stryve Foods, Inc. (NASDAQ:SNAX) by 13.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 231,555 shares of the company’s stock after acquiring an additional 28,000 shares during the quarter. CWA Asset Management Group LLC owned about 9.65% of Stryve Foods worth $602,000 at the end of the most recent reporting period. Institutional investors own 40.28% of the company’s stock.

Stryve Foods Stock Performance

SNAX stock opened at $2.23 on Tuesday. Stryve Foods has a 52 week low of $1.04 and a 52 week high of $8.86. The company has a current ratio of 0.47, a quick ratio of 0.18 and a debt-to-equity ratio of 9.65. The company has a fifty day simple moving average of $1.85 and a two-hundred day simple moving average of $1.64.

Stryve Foods (NASDAQ:SNAX) last released its quarterly earnings data on Tuesday, May 14th. The company reported ($1.42) EPS for the quarter, beating the consensus estimate of ($1.76) by $0.34. Stryve Foods had a negative net margin of 103.77% and a negative return on equity of 432.63%. The business had revenue of $4.60 million during the quarter, compared to analyst estimates of $4.51 million. During the same quarter last year, the business earned ($2.25) earnings per share. Research analysts predict that Stryve Foods will post -5.01 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.