Sow Good Inc. (NASDAQ:SOWG) Short Interest Down 32.3% in December

Sow Good Inc. (NASDAQ:SOWG) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 183,600 shares, a drop of 32.3% from the November 30th total of 271,200 shares. Based on an average daily trading volume, of 163,000 shares, the days-to-cover ratio is currently 1.1 days. Currently, 4.8% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. 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 acquired a new stake in Sow Good in the second quarter valued at approximately $33,000. Marshall Wace LLP acquired a new stake in Sow Good in the second quarter valued at approximately $1,826,000. Bard Associates Inc. raised its stake in shares of Sow Good by 43.3% during 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. lifted its position in shares of Sow Good by 181.2% during the third quarter. Accredited Investors Inc. now owns 251,373 shares of the company’s stock worth $2,939,000 after purchasing an additional 161,994 shares in the last quarter. Institutional investors and hedge funds own 10.74% of the company’s stock.

Sow Good Stock Performance

Sow Good stock traded down $0.12 during trading on Friday, reaching $2.23. 661,379 shares of the company’s stock were exchanged, compared to its average volume of 93,507. Sow Good has a 52-week low of $2.10 and a 52-week high of $24.83. The firm has a market cap of $22.85 million, a price-to-earnings ratio of 8.92 and a beta of 1.77. The company’s 50-day moving average is $5.53 and its two-hundred day moving average is $12.06.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SOWG. Craig Hallum downgraded Sow Good from a “buy” rating to a “hold” rating and set a $4.50 price target for the company. in a research report on Friday, November 15th. Roth Capital cut Sow Good from a “strong-buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Roth Mkm lowered shares of Sow Good from a “buy” rating to a “neutral” rating and cut their price target for the company from $17.00 to $4.00 in a report on Friday, November 15th.

Sow Good Company Profile

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.