Strive, Inc. (NASDAQ:ASST) Short Interest Up 14.4% in February

Strive, Inc. (NASDAQ:ASST) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 12,432,854 shares, a growth of 14.4% from the February 12th total of 10,871,880 shares. Based on an average daily trading volume, of 2,765,480 shares, the days-to-cover ratio is presently 4.5 days. Currently, 20.5% of the company’s shares are short sold. Currently, 20.5% of the company’s shares are short sold. Based on an average daily trading volume, of 2,765,480 shares, the days-to-cover ratio is presently 4.5 days.

Strive Stock Up 2.2%

Shares of ASST opened at $11.10 on Wednesday. Strive has a twelve month low of $7.02 and a twelve month high of $268.40. The stock has a market cap of $692.31 million, a PE ratio of -1.85 and a beta of 17.08. The business’s 50-day moving average price is $12.52 and its 200-day moving average price is $31.35.

Insider Activity at Strive

In related news, CEO Matthew Ryan Cole bought 25,000 shares of the business’s stock in a transaction on Tuesday, January 13th. The shares were purchased at an average cost of $18.40 per share, with a total value of $460,000.00. Following the acquisition, the chief executive officer owned 38,150 shares of the company’s stock, valued at $701,960. This represents a 190.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Benjamin Pham purchased 7,900 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was bought at an average cost of $8.23 per share, with a total value of $65,017.00. Following the purchase, the chief financial officer owned 7,900 shares of the company’s stock, valued at approximately $65,017. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders acquired 39,114 shares of company stock valued at $575,102. Corporate insiders own 2.84% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ASST. Hudson Bay Capital Management LP bought a new position in Strive in the second quarter valued at $27,778,000. Ghisallo Capital Management LLC bought a new stake in Strive during the third quarter worth about $27,778,000. MMCAP International Inc. SPC bought a new stake in Strive during the third quarter worth about $46,296,000. Alpine Associates Management Inc. purchased a new position in shares of Strive in the 3rd quarter worth about $717,000. Finally, Harraden Circle Investments LLC purchased a new position in shares of Strive in the 3rd quarter worth about $9,259,000. 5.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on ASST shares. Maxim Group set a $30.00 target price on Strive and gave the company a “buy” rating in a report 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. Zacks Research upgraded shares of Strive to a “hold” rating in a research report on Wednesday, March 11th. Weiss Ratings reaffirmed a “sell (e-)” rating on shares of Strive in a research note on Monday, December 29th. Finally, B. Riley Financial assumed coverage on shares of Strive in a research report on Tuesday, March 10th. They set a “buy” rating and a $12.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $21.00.

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.