Strive, Inc. (NASDAQ:ASST) Short Interest Down 37.1% in October

Strive, Inc. (NASDAQ:ASST) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 13,280,000 shares, a decline of 37.1% from the September 30th total of 21,120,000 shares. Approximately 4.9% of the company’s shares are short sold. Based on an average daily volume of 16,380,000 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 16,380,000 shares, the short-interest ratio is currently 0.8 days. Approximately 4.9% of the company’s shares are short sold.

Hedge Funds Weigh In On Strive

Several hedge funds have recently made changes to their positions in ASST. McElhenny Sheffield Capital Management LLC bought a new stake in Strive in the second quarter worth $39,000. Hudson Bay Capital Management LP bought a new position in shares of Strive during the second quarter valued at $27,778,000. Ground Swell Capital LLC bought a new position in shares of Strive during the second quarter valued at $40,000. Creative Planning bought a new position in shares of Strive during the second quarter valued at $79,000. Finally, Bellecapital International Ltd. bought a new position in shares of Strive during the second quarter valued at $42,000. 5.52% of the stock is owned by hedge funds and other institutional investors.

Strive Price Performance

Shares of Strive stock opened at $1.33 on Friday. The business’s 50 day simple moving average is $3.44 and its two-hundred day simple moving average is $4.27. The stock has a market capitalization of $22.10 million, a P/E ratio of -1.87 and a beta of 16.75. 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 results on Tuesday, August 5th. The company reported ($0.17) EPS for the quarter. Strive had a negative return on equity of 246.95% and a negative net margin of 996.98%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Strive from a “hold” rating to a “sell” rating in a research note on Friday, September 26th.

Strive Company Profile

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.