Strive, Inc. (NASDAQ:ASST) Short Interest Update

Strive, Inc. (NASDAQ:ASST) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 114,800,790 shares, an increase of 29.0% from the November 30th total of 88,975,355 shares. Based on an average trading volume of 95,142,899 shares, the days-to-cover ratio is presently 1.2 days. Currently, 32.3% of the company’s shares are sold short. Currently, 32.3% of the company’s shares are sold short. Based on an average trading volume of 95,142,899 shares, the days-to-cover ratio is presently 1.2 days.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ASST. Maxim Group set a $1.50 price objective on shares of Strive and gave the company a “buy” rating in a research note on Wednesday, December 10th. Wall Street Zen upgraded shares of Strive from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. Finally, Weiss Ratings reissued a “sell (e-)” rating on shares of Strive in a research report on Monday. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $1.50.

Strive Stock Performance

Shares of NASDAQ ASST opened at $0.73 on Wednesday. Strive has a 1 year low of $0.39 and a 1 year high of $13.42. The stock’s 50-day simple moving average is $1.07 and its 200-day simple moving average is $3.14. The firm has a market cap of $596.93 million, a price-to-earnings ratio of -2.44 and a beta of 16.72.

Strive (NASDAQ:ASST) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.22) earnings per share for the quarter. The business had revenue of $1.54 million during the quarter.

Insider Transactions at Strive

In other news, CEO Matthew Ryan Cole bought 248,999 shares of the stock in a transaction on Monday, December 15th. The stock was purchased at an average cost of $0.80 per share, with a total value of $199,199.20. Following the purchase, the chief executive officer owned 366,709 shares of the company’s stock, valued at approximately $293,367.20. The trade was a 211.54% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 56.47% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Strive in the 2nd quarter valued at about $39,000. Engineers Gate Manager LP acquired a new position in Strive in the second quarter worth about $40,000. Two Sigma Investments LP bought a new stake in Strive in the third quarter valued at about $27,000. Ground Swell Capital LLC acquired a new stake in Strive during the second quarter valued at approximately $40,000. Finally, Tower Research Capital LLC TRC grew 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 worth $41,000 after acquiring an additional 7,057 shares in the last quarter. 5.52% of the stock is owned by institutional investors and hedge funds.

Strive Company Profile

Asset Entities, Inc (NASDAQ: ASST) is a specialty finance company that acquires, originates and services asset-backed loans and receivables across a range of industry sectors. The firm focuses on structuring and managing credit portfolios in equipment finance, commercial receivables and other asset-backed classes, employing securitization vehicles and bespoke financing solutions to deliver liquidity to underserved small- and mid-market borrowers.

Through its platform, Asset Entities leverages data-driven underwriting, risk management and portfolio optimization to create diversified exposure across end markets.