Short Interest in Bonk, Inc. (NASDAQ:BNKK) Decreases By 48.9%

Bonk, Inc. (NASDAQ:BNKK) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 426,285 shares, a decline of 48.9% from the May 14th total of 834,243 shares. Approximately 11.0% of the company’s stock are short sold. Based on an average trading volume of 547,519 shares, the days-to-cover ratio is currently 0.8 days.

Insider Activity at Bonk

In other news, Director Mitchell Austin Rudy acquired 31,055 shares of Bonk stock in a transaction that occurred on Thursday, April 9th. The stock was purchased at an average price of $2.82 per share, for a total transaction of $87,575.10. Following the purchase, the director directly owned 44,198 shares in the company, valued at $124,638.36. The trade was a 236.29% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 51.60% of the stock is currently owned by company insiders.

Institutional Trading of Bonk

Several large investors have recently bought and sold shares of BNKK. State Street Corp purchased a new stake in Bonk during the 4th quarter worth approximately $33,000. Steward Partners Investment Advisory LLC purchased a new stake in Bonk during the 4th quarter worth approximately $37,000. Jane Street Group LLC purchased a new stake in Bonk during the 4th quarter worth approximately $96,000. Finally, Geode Capital Management LLC purchased a new stake in Bonk during the 4th quarter worth approximately $128,000. Hedge funds and other institutional investors own 12.55% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on BNKK. Wall Street Zen upgraded shares of Bonk from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings lowered shares of Bonk from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Bonk Trading Down 4.3%

NASDAQ:BNKK opened at $1.35 on Friday. The company has a market cap of $10.80 million, a PE ratio of -0.29 and a beta of 1.85. Bonk has a twelve month low of $1.25 and a twelve month high of $46.90. The company’s 50 day moving average is $2.26 and its two-hundred day moving average is $3.26.

Bonk (NASDAQ:BNKK) last released its earnings results on Wednesday, May 13th. The company reported ($0.23) earnings per share for the quarter. The company had revenue of $0.79 million for the quarter. Bonk had a negative return on equity of 148.62% and a negative net margin of 838.37%.

About Bonk

Safety Shot, Inc, a wellness and functional beverage company, engages in the research and development of over-the-counter products and intellectual property. Its products pipeline includes Photocil to address psoriasis and vitiligo; JW-700 to treat hair loss; JW-500 for women’s sexual wellness; NoStingz, a jellyfish sting prevention sunscreen; and JW-110 for the treatment of atopic dermatitis/eczema. The company primarily sell its products through third-party physical retail stores and partners. The company was formerly known as Jupiter Wellness, Inc and changed its name to Safety Shot, Inc in September 2023.