Strive, Inc. (NASDAQ:ASST) Sees Significant Drop in Short Interest

Strive, Inc. (NASDAQ:ASST) saw a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 10,871,880 shares, a decline of 94.2% from the January 29th total of 187,459,977 shares. Approximately 17.9% of the company’s shares are sold short. Based on an average daily volume of 6,587,084 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily volume of 6,587,084 shares, the days-to-cover ratio is currently 1.7 days. Approximately 17.9% of the company’s shares are sold short.

Analysts Set New Price Targets

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

Insider Activity at Strive

In other Strive news, CEO Matthew Ryan Cole acquired 25,000 shares of the stock in a transaction that occurred on Tuesday, January 13th. The stock was bought at an average cost of $18.40 per share, for a total transaction of $460,000.00. Following the completion of the transaction, the chief executive officer owned 38,150 shares of the company’s stock, valued at approximately $701,960. The trade was a 190.11% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Benjamin Pham bought 6,214 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were acquired at an average cost of $8.06 per share, with a total value of $50,084.84. Following the purchase, the chief financial officer owned 6,214 shares of the company’s stock, valued at $50,084.84. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders bought 61,935 shares of company stock valued at $944,387. Corporate insiders own 2.84% of the company’s stock.

Hedge Funds Weigh In On Strive

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC acquired a new position in shares of Strive in the fourth quarter worth $25,000. Valtinson Bruner Financial Planning LLC acquired a new position in Strive during the 4th quarter worth $25,000. Institute for Wealth Management LLC. purchased a new stake in Strive during the 4th quarter worth about $26,000. Verdence Capital Advisors LLC acquired a new stake in Strive in the 4th quarter valued at about $26,000. Finally, Pinnacle Associates Ltd. purchased a new position in shares of Strive in the 4th quarter valued at about $26,000. Hedge funds and other institutional investors own 5.52% of the company’s stock.

Strive Price Performance

NASDAQ ASST opened at $8.54 on Thursday. The company has a market cap of $532.64 million, a P/E ratio of -1.42 and a beta of 16.87. The stock has a 50-day moving average of $14.70 and a two-hundred day moving average of $40.24. Strive has a 1-year low of $7.02 and a 1-year high of $268.40.

About Strive

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.