Short Interest in Safety Shot, Inc. (NASDAQ:SHOT) Expands By 18.5%

Safety Shot, Inc. (NASDAQ:SHOT) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 2,430,000 shares, a growth of 18.5% from the March 15th total of 2,050,000 shares. Based on an average daily volume of 737,500 shares, the days-to-cover ratio is presently 3.3 days. Approximately 4.0% of the shares of the stock are sold short.

Safety Shot Price Performance

Shares of NASDAQ:SHOT opened at $0.42 on Tuesday. Safety Shot has a 1 year low of $0.34 and a 1 year high of $1.80. The company’s 50 day simple moving average is $0.46 and its 200 day simple moving average is $0.70.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SHOT. Virtu Financial LLC bought a new position in Safety Shot in the 4th quarter valued at approximately $33,000. Jane Street Group LLC boosted its stake in shares of Safety Shot by 397.7% during the fourth quarter. Jane Street Group LLC now owns 102,267 shares of the company’s stock valued at $74,000 after purchasing an additional 81,720 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Safety Shot during the fourth quarter worth about $74,000. State Street Corp increased its stake in shares of Safety Shot by 40.5% in the third quarter. State Street Corp now owns 146,100 shares of the company’s stock valued at $178,000 after buying an additional 42,100 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Safety Shot by 20.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 180,294 shares of the company’s stock worth $130,000 after purchasing an additional 30,000 shares during the period. Institutional investors own 12.55% of the company’s stock.

About Safety Shot

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.