Sow Good Inc. (NASDAQ:SOWG) Short Interest Up 76.5% in November

Sow Good Inc. (NASDAQ:SOWG) was the target of a large growth in short interest in 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. Based on an average daily volume of 146,200 shares, the short-interest ratio is presently 4.2 days. Approximately 16.0% of the company’s shares are short sold.

Sow Good Price Performance

Sow Good stock traded up $0.06 during midday trading on Friday, hitting $3.59. 32,410 shares of the company were exchanged, compared to its average volume of 86,134. Sow Good has a fifty-two week low of $3.30 and a fifty-two week high of $24.83. The company’s fifty day moving average price is $8.78 and its 200-day moving average price is $14.40. The company has a market cap of $36.76 million, a PE ratio of 14.36 and a beta of 1.96.

Hedge Funds Weigh In On Sow Good

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Swedbank AB acquired a new position in shares of Sow Good in the second quarter worth about $1,378,000. Marshall Wace LLP acquired a new position in shares of Sow Good in the 2nd quarter valued at approximately $1,826,000. Accredited Investors Inc. acquired a new position in shares of Sow Good in the 2nd quarter valued at approximately $1,789,000. Bard Associates Inc. boosted its stake in shares of Sow Good by 43.3% during the 3rd quarter. Bard Associates Inc. now owns 243,145 shares of the company’s stock valued at $2,842,000 after buying an additional 73,445 shares during the last quarter. Finally, Abound Wealth Management acquired a new stake in shares of Sow Good during the second quarter worth approximately $33,000. 10.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SOWG has been the subject of a number of research analyst reports. Roth Capital downgraded shares of Sow Good from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 15th. Roth Mkm lowered shares of Sow Good from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $17.00 to $4.00 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 target price on the stock. in a research note 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.