Sow Good Inc. (NASDAQ:SOWG) Short Interest Update

Key Points

• Short interest surged 62.9% to 140,849 shares as of August 31, representing 0.7% of shares outstanding and a high 39.1 days to cover based on average trading volume.
• BlackRock initiated a position by purchasing 71,562 shares worth approximately $298,000. Institutional investors collectively own 10.74% of Sow Good.
• Analyst sentiment remains negative: Weiss Ratings downgraded the stock to “sell (e+),” while the broader consensus is also “Sell.” Shares recently traded near $3.00, and the company reported a quarterly loss of $0.19 per share.

Sow Good Inc. (NASDAQ:SOWG - Get Free Report) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 140,849 shares, a growth of 62.9% from the August 15th total of 86,442 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily volume of 3,601 shares, the days-to-cover ratio is presently 39.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Sow Good stock. BlackRock Inc. bought a new stake in Sow Good Inc. (NASDAQ:SOWG - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 71,562 shares of the company's stock, valued at approximately $298,000. BlackRock Inc. owned about 0.36% of Sow Good at the end of the most recent quarter. Institutional investors and hedge funds own 10.74% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Sow Good from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Friday, September 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of "Sell".

Sow Good Stock Performance

SOWG stock traded up $0.14 during trading on Thursday, hitting $3.00. The stock had a trading volume of 24,205 shares, compared to its average volume of 168,281. The company's 50 day moving average price is $3.28 and its two-hundred day moving average price is $3.61. Sow Good has a 1-year low of $1.04 and a 1-year high of $18.15. The stock has a market cap of $60.32 million, a price-to-earnings ratio of -0.19 and a beta of 1.11.

Sow Good (NASDAQ:SOWG - Get Free Report) last issued its quarterly earnings results on Wednesday, August 19th. The company reported ($0.19) EPS for the quarter.

About Sow Good

Sow Good Inc is a food company that develops, manufactures and sells freeze-dried snacks under the Sow Good brand. Its product offerings include freeze-dried candy, fruit, vegetables and smoothie products designed to provide shelf-stable alternatives to conventional snacks.

The company markets its products through e-commerce, wholesale distribution and retail channels. Its offerings are sold in the United States through the company's online platform and selected retail partners, with products generally positioned as convenient, portable snacks with an extended shelf life.

Sow Good was established in 2020 and is headquartered in Irving, Texas.

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