Strive, Inc. (NASDAQ:ASST) Sees Large Increase in Short Interest

Strive, Inc. (NASDAQ:ASST) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 9,470,000 shares, an increase of 47.7% from the August 31st total of 6,410,000 shares. Approximately 3.6% of the company’s stock are sold short. Based on an average daily trading volume, of 7,550,000 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily trading volume, of 7,550,000 shares, the days-to-cover ratio is currently 1.3 days. Approximately 3.6% of the company’s stock are sold short.

Hedge Funds Weigh In On Strive

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its position in shares of Strive by 180.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock valued at $41,000 after purchasing an additional 7,057 shares during the last quarter. McElhenny Sheffield Capital Management LLC purchased a new position in shares of Strive in the 2nd quarter valued at approximately $39,000. Engineers Gate Manager LP purchased a new position in shares of Strive in the 2nd quarter valued at approximately $40,000. Ground Swell Capital LLC purchased a new position in shares of Strive in the 2nd quarter valued at approximately $40,000. Finally, Osaic Holdings Inc. purchased a new position in shares of Strive in the 2nd quarter valued at approximately $41,000. 5.52% of the stock is owned by hedge funds and other institutional investors.

Strive Stock Performance

ASST stock opened at $1.99 on Thursday. The firm has a market cap of $33.08 million, a price-to-earnings ratio of -1.03 and a beta of 16.75. The firm has a 50-day simple moving average of $4.37 and a two-hundred day simple moving average of $4.14. Strive has a one year low of $0.34 and a one year high of $13.42.

Strive (NASDAQ:ASST) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.17) EPS for the quarter. Strive had a negative net margin of 996.98% and a negative return on equity of 246.95%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Strive from a “hold” rating to a “sell” rating in a research report on Friday, September 26th.

About Strive

Asset Entities Inc, a technology company, provides social media marketing and content delivery services across Discord, TikTok, and other social media platforms. It designs, develops, and manages servers for communities on Discord. The company offers discord investment education, entertainment, and marketing services.