Sow Good Inc. (OTCMKTS:SOWG) Sees Significant Increase in Short Interest

Sow Good Inc. (OTCMKTS:SOWG - Get Free Report) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 54,900 shares, an increase of 3,331.3% from the April 15th total of 1,600 shares. Based on an average daily volume of 25,700 shares, the short-interest ratio is presently 2.1 days.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Roth Mkm assumed coverage on Sow Good in a report on Friday. They set a "buy" rating and a $15.00 price target for the company. Craig Hallum assumed coverage on Sow Good in a research note on Friday. They set a "buy" rating and a $20.00 price objective on the stock.

Sow Good Price Performance

Sow Good stock traded up $0.43 during mid-day trading on Friday, reaching $10.45. 73,102 shares of the company were exchanged, compared to its average volume of 13,101. Sow Good has a 12 month low of $1.06 and a 12 month high of $22.00. The company has a fifty day simple moving average of $12.65 and a 200-day simple moving average of $9.75. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.77 and a quick ratio of 0.96. The firm has a market cap of $68.76 million, a PE ratio of -14.93 and a beta of 1.99.

Sow Good (OTCMKTS:SOWG - Get Free Report) last issued its quarterly earnings results on Friday, March 22nd. The company reported $0.23 earnings per share (EPS) for the quarter. Sow Good had a negative return on equity of 91.69% and a negative net margin of 19.05%. The company had revenue of $9.52 million for the quarter.

Sow Good Company Profile

Sow Good Inc produces and sells freeze-dried candy, snacks, smoothies, and granola in the United States. It markets its products through direct-to-consumer focused websites, as well as through the business-to-business sales channels. The company offers its products under the Sow Good and Sustain Us brands.

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