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

Strive, Inc. (NASDAQ:ASST) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 187,459,977 shares, a growth of 34.8% from the January 15th total of 139,076,967 shares. Based on an average daily trading volume, of 79,623,646 shares, the days-to-cover ratio is currently 2.4 days. Currently, 309.3% of the company’s shares are short sold. Currently, 309.3% of the company’s shares are short sold. Based on an average daily trading volume, of 79,623,646 shares, the days-to-cover ratio is currently 2.4 days.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wall Street Zen raised Strive from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Maxim Group set a $30.00 price objective on Strive and gave the stock a “buy” rating in a report on Wednesday, December 10th. Finally, Weiss Ratings restated a “sell (e-)” rating on shares of Strive in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $30.00.

Strive Trading Up 8.1%

Shares of NASDAQ:ASST opened at $8.33 on Monday. The stock has a fifty day simple moving average of $16.33 and a two-hundred day simple moving average of $43.36. Strive has a 12-month low of $7.57 and a 12-month high of $268.40. The stock has a market capitalization of $519.35 million, a price-to-earnings ratio of -1.39 and a beta of 16.87.

Strive (NASDAQ:ASST) last issued its quarterly earnings results on Friday, November 14th. The company reported ($4.40) earnings per share for the quarter. The firm had revenue of $1.54 million during the quarter.

Insider Transactions at Strive

In related news, CEO Matthew Ryan Cole purchased 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The stock was bought at an average cost of $18.40 per share, with a total value of $460,000.00. Following the completion of the purchase, the chief executive officer directly owned 38,150 shares in the company, valued at approximately $701,960. This represents a 190.11% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have bought 47,821 shares of company stock valued at $829,285 over the last ninety days. 2.84% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ASST. Engineers Gate Manager LP bought a new stake in shares of Strive during the second quarter valued at approximately $40,000. Two Sigma Investments LP bought a new position in Strive in the 3rd quarter valued at approximately $27,000. Ground Swell Capital LLC purchased a new stake in Strive during the 2nd quarter valued at $40,000. Tower Research Capital LLC TRC increased its holdings 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 purchasing an additional 7,057 shares in the last quarter. Finally, Osaic Holdings Inc. purchased a new position in shares of Strive in the second quarter worth $41,000. Institutional investors own 5.52% of the company’s stock.

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.