Short Interest in Sow Good Inc. (NASDAQ:SOWG) Grows By 76.5%

Sow Good Inc. (NASDAQ:SOWG) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 610,700 shares, a growth of 76.5% from the October 31st total of 346,000 shares. Approximately 16.0% of the company’s stock are sold short. Based on an average daily volume of 146,200 shares, the short-interest ratio is currently 4.2 days.

Sow Good Price Performance

Shares of SOWG stock traded down $0.06 during trading hours on Thursday, hitting $3.53. The stock had a trading volume of 197,111 shares, compared to its average volume of 86,385. The firm has a market capitalization of $36.16 million, a PE ratio of 14.12 and a beta of 1.96. The stock’s 50 day moving average is $9.13 and its 200 day moving average is $14.56. Sow Good has a twelve month low of $3.30 and a twelve month high of $24.83.

Analyst Upgrades and Downgrades

SOWG has been the subject of several recent analyst reports. Roth Mkm downgraded shares of Sow Good from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $17.00 to $4.00 in a research report on Friday, November 15th. Roth Capital cut shares of Sow Good from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Craig Hallum downgraded shares of Sow Good from a “buy” rating to a “hold” rating and set a $4.50 price objective for the company. in a research note on Friday, November 15th.

Institutional Trading of Sow Good

Large investors have recently bought and sold shares of the business. Abound Wealth Management acquired a new stake in shares of Sow Good during the second quarter worth about $33,000. Perritt Capital Management Inc purchased a new position in shares of Sow Good in the 2nd quarter valued at approximately $60,000. Swedbank AB acquired a new position in shares of Sow Good in the second quarter valued at approximately $1,378,000. Bard Associates Inc. increased its holdings in shares of 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 during the period. Finally, Accredited Investors Inc. purchased a new stake in shares of Sow Good during the second quarter worth approximately $1,789,000. Institutional investors and hedge funds own 10.74% of the company’s stock.

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.