Short Interest in Sow Good Inc. (NASDAQ:SOWG) Increases By 18.0%

Sow Good Inc. (NASDAQ:SOWG) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 96,800 shares, a growth of 18.0% from the January 15th total of 82,000 shares. Currently, 18.4% of the company’s stock are sold short. Based on an average daily trading volume, of 204,800 shares, the days-to-cover ratio is currently 0.5 days.

Analysts Set New Price Targets

Several equities analysts have commented on SOWG shares. Craig Hallum lowered Sow Good from a “buy” rating to a “hold” rating and set a $4.50 price objective for the company. in a research report on Friday, November 15th. Roth Mkm lowered Sow Good from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $17.00 to $4.00 in a research report on Friday, November 15th. Finally, Roth Capital lowered Sow Good from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 15th.

Hedge Funds Weigh In On Sow Good

Several institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC bought a new position in shares of Sow Good during the fourth quarter valued at $35,000. Perritt Capital Management Inc increased its holdings in shares of Sow Good by 733.3% during the fourth quarter. Perritt Capital Management Inc now owns 25,000 shares of the company’s stock valued at $51,000 after acquiring an additional 22,000 shares in the last quarter. Bard Associates Inc. increased its holdings in Sow Good by 43.3% in the 3rd quarter. Bard Associates Inc. now owns 243,145 shares of the company’s stock worth $2,842,000 after buying an additional 73,445 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc bought a new stake in Sow Good in the 4th quarter worth about $173,000. Finally, Accredited Investors Inc. increased its holdings in Sow Good by 181.2% in the 3rd quarter. Accredited Investors Inc. now owns 251,373 shares of the company’s stock worth $2,939,000 after buying an additional 161,994 shares in the last quarter. 10.74% of the stock is currently owned by institutional investors.

Sow Good Price Performance

Shares of NASDAQ:SOWG opened at $2.87 on Friday. Sow Good has a 1-year low of $1.98 and a 1-year high of $24.83. The business has a fifty day moving average price of $2.69 and a 200-day moving average price of $7.91. The company has a market capitalization of $29.40 million, a PE ratio of 11.48 and a beta of 1.91.

About Sow Good

Sow Good Inc is engaged in producing nutritious products in the freeze-dried food industry. Sow Good Inc, formerly known as Black Ridge Oil and Gas Inc, is based in IRVING, Texas.