Safety Shot, Inc. (NASDAQ:SHOT) Sees Significant Decrease in Short Interest

Safety Shot, Inc. (NASDAQ:SHOT) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 2,050,000 shares, a decrease of 17.3% from the February 28th total of 2,480,000 shares. Based on an average daily volume of 725,300 shares, the short-interest ratio is presently 2.8 days. Currently, 3.4% of the company’s stock are sold short.

Safety Shot Stock Up 7.4 %

SHOT stock traded up $0.03 on Tuesday, hitting $0.39. 132,981 shares of the company’s stock were exchanged, compared to its average volume of 828,125. The firm has a 50 day moving average price of $0.48 and a two-hundred day moving average price of $0.80. Safety Shot has a 12-month low of $0.34 and a 12-month high of $2.46.

Institutional Trading of Safety Shot

Several institutional investors and hedge funds have recently bought and sold shares of SHOT. CreativeOne Wealth LLC acquired a new stake in Safety Shot during the 3rd quarter worth about $27,000. Steward Partners Investment Advisory LLC lifted its holdings in Safety Shot by 20.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 180,294 shares of the company’s stock valued at $130,000 after acquiring an additional 30,000 shares during the period. Geode Capital Management LLC boosted its position in Safety Shot by 9.7% in the 3rd quarter. Geode Capital Management LLC now owns 433,867 shares of the company’s stock worth $529,000 after purchasing an additional 38,258 shares in the last quarter. State Street Corp grew its stake in shares of Safety Shot by 40.5% during the 3rd quarter. State Street Corp now owns 146,100 shares of the company’s stock worth $178,000 after purchasing an additional 42,100 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of Safety Shot during the 4th quarter valued at approximately $33,000. 12.55% of the stock is currently owned by institutional investors and hedge funds.

About Safety Shot

Safety Shot, Inc, a wellness and functional beverage company, researches and develops over-the-counter products and intellectual property. The company offers Safety Shot Beverage, an over-the-counter drink that lowers blood alcohol content. It also develops Photocil to address psoriasis and vitiligo; JW-700 to treat hair loss; JW-500 for women’s sexual wellness; and NoStingz, a jellyfish sting prevention sunscreen.