Sow Good Inc. (NASDAQ:SOWG - Get Free Report) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totalling 251,200 shares, an increase of 20.4% from the July 15th total of 208,700 shares. Based on an average daily trading volume, of 95,900 shares, the days-to-cover ratio is presently 2.6 days. Approximately 5.8% of the company's shares are short sold.
Institutional Trading of Sow Good
A number of large investors have recently made changes to their positions in SOWG. Marshall Wace LLP purchased a new position in Sow Good in the second quarter worth approximately $1,826,000. Abound Wealth Management acquired a new position in shares of Sow Good during the second quarter worth $33,000. Perritt Capital Management Inc purchased a new position in Sow Good in the second quarter valued at $60,000. Swedbank AB acquired a new stake in Sow Good in the second quarter valued at $1,378,000. Finally, Accredited Investors Inc. purchased a new stake in Sow Good during the 2nd quarter worth about $1,789,000. 10.74% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
SOWG has been the subject of several analyst reports. Roth Mkm restated a "buy" rating and issued a $21.00 target price (up from $15.00) on shares of Sow Good in a report on Thursday, May 16th. Craig Hallum boosted their price target on shares of Sow Good from $20.00 to $25.00 and gave the company a "buy" rating in a research report on Monday, June 3rd.
Read Our Latest Stock Report on SOWG
Sow Good Price Performance
Shares of SOWG stock traded up $2.17 during trading on Friday, hitting $15.38. 436,402 shares of the stock traded hands, compared to its average volume of 58,605. Sow Good has a 52-week low of $4.75 and a 52-week high of $24.83. The company has a market capitalization of $155.98 million, a price-to-earnings ratio of -43.94 and a beta of 2.01. The firm's fifty day moving average price is $19.60. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.48 and a quick ratio of 1.57.
Sow Good (NASDAQ:SOWG - Get Free Report) last posted its earnings results on Wednesday, May 15th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.08. Sow Good had a negative return on equity of 19.26% and a negative net margin of 4.21%. The company had revenue of $11.41 million during the quarter, compared to analysts' expectations of $11.00 million. As a group, equities research analysts expect that Sow Good will post 0.69 earnings per share for the current year.
About Sow Good
(
Get Free Report)
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.
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