Stryve Foods, Inc. (NASDAQ:SNAX) Short Interest Up 271.4% in September

Stryve Foods, Inc. (NASDAQ:SNAX) saw a large growth in short interest in September. As of September 30th, there was short interest totalling 177,900 shares, a growth of 271.4% from the September 15th total of 47,900 shares. Based on an average trading volume of 34,500 shares, the short-interest ratio is presently 5.2 days. Currently, 9.3% of the company’s stock are sold short.

Stryve Foods Stock Down 3.9 %

Shares of NASDAQ:SNAX traded down $0.04 during midday trading on Friday, reaching $0.95. The company had a trading volume of 279,644 shares, compared to its average volume of 43,275. The business’s 50 day moving average price is $1.56 and its 200 day moving average price is $1.66. Stryve Foods has a 1-year low of $0.90 and a 1-year high of $3.45. The stock has a market cap of $3.19 million, a PE ratio of -0.14 and a beta of 1.07.

Stryve Foods (NASDAQ:SNAX) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.91) earnings per share for the quarter, topping the consensus estimate of ($1.39) by $0.48. The firm had revenue of $6.18 million for the quarter, compared to analyst estimates of $5.01 million. Stryve Foods had a negative return on equity of 2,100.61% and a negative net margin of 95.17%. On average, research analysts expect that Stryve Foods will post -4.05 earnings per share for the current fiscal year.

About Stryve Foods

Stryve Foods, Inc manufactures, markets, and sells snacking products in North America. The company's product portfolio consists primarily of air-dried meat snack products marketed under the Stryve, Kalahari, Braaitime, and Vacadillos brands. It also produces charcuterie slabs, thinly sliced steaks, air-dried beef sticks, biltong, biltong slabs, crisps, carne seca, sliced biltong, and droëwors products, as well as markets and sells human-grade pet treats under the brand Two Tails.