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Safety Shot (NASDAQ:SHOT) Trading Down 3.6% - Time to Sell?

Safety Shot logo with Medical background

Shares of Safety Shot, Inc. (NASDAQ:SHOT - Get Free Report) traded down 3.6% during trading on Wednesday . The stock traded as low as $1.05 and last traded at $1.08. 436,985 shares were traded during mid-day trading, a decline of 62% from the average session volume of 1,140,414 shares. The stock had previously closed at $1.12.

Safety Shot Stock Up 3.7 %

The firm's fifty day simple moving average is $1.11 and its 200 day simple moving average is $1.20.

Safety Shot (NASDAQ:SHOT - Get Free Report) last released its earnings results on Wednesday, August 14th. The company reported ($0.16) EPS for the quarter. Safety Shot had a negative net margin of 2,494.21% and a negative return on equity of 542.31%. The firm had revenue of $0.71 million during the quarter.

Hedge Funds Weigh In On Safety Shot

A hedge fund recently bought a new stake in Safety Shot stock. Diversify Advisory Services LLC purchased a new stake in shares of Safety Shot, Inc. (NASDAQ:SHOT - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 16,280 shares of the company's stock, valued at approximately $36,000. Institutional investors and hedge funds own 12.55% of the company's stock.

About Safety Shot

(Get Free Report)

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.

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