Stryve Foods, Inc. (NASDAQ:SNAX) Sees Significant Increase in Short Interest

Stryve Foods, Inc. (NASDAQ:SNAX) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 82,300 shares, a growth of 32.3% from the March 15th total of 62,200 shares. Based on an average trading volume of 52,700 shares, the short-interest ratio is currently 1.6 days. Currently, 8.8% of the shares of the stock are short sold.

Institutional Trading of Stryve Foods

Hedge funds have recently modified their holdings of the company. CWA Asset Management Group LLC raised its holdings in Stryve Foods by 13.8% during the 4th quarter. CWA Asset Management Group LLC now owns 231,555 shares of the company’s stock valued at $602,000 after buying an additional 28,000 shares during the period. Vanguard Group Inc. raised its holdings in Stryve Foods by 150.0% during the 3rd quarter. Vanguard Group Inc. now owns 937,106 shares of the company’s stock valued at $497,000 after buying an additional 562,244 shares during the period. Citadel Advisors LLC purchased a new stake in Stryve Foods during the 3rd quarter valued at $95,000. Renaissance Technologies LLC raised its holdings in Stryve Foods by 52.2% during the 3rd quarter. Renaissance Technologies LLC now owns 80,680 shares of the company’s stock valued at $43,000 after buying an additional 27,680 shares during the period. Finally, Millennium Management LLC purchased a new stake in Stryve Foods during the 2nd quarter valued at $50,000. 40.28% of the stock is owned by hedge funds and other institutional investors.

Stryve Foods Stock Up 1.9 %

Shares of SNAX opened at $1.38 on Monday. The stock has a market capitalization of $3.32 million, a price-to-earnings ratio of -0.16 and a beta of 1.01. Stryve Foods has a 1 year low of $1.04 and a 1 year high of $12.75. The business’s 50 day simple moving average is $1.33 and its 200-day simple moving average is $2.09. The company has a debt-to-equity ratio of 9.65, a current ratio of 0.53 and a quick ratio of 0.20.

About Stryve Foods

Stryve Foods, Inc manufactures, markets, and sells snacking products in North America. The company's product portfolio consists primarily of air-dried meat snack products marketed under the Stryve, Kalahari, Braaitime, and Vacadillos brands. It also produces charcuterie slabs, thinly sliced steaks, air-dried beef sticks, biltong, biltong slabs, crisps, carne seca, sliced biltong, and droëwors products, as well as markets and sells human-grade pet treats under the brand Two Tails.