Short Interest in Sow Good Inc. (NASDAQ:SOWG) Drops By 60.9%

Sow Good Inc. (NASDAQ:SOWG) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 77,481 shares, a decline of 60.9% from the May 31st total of 198,269 shares. Based on an average daily volume of 146,593 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.8% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Sow Good from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Sow Good Stock Performance

Shares of NASDAQ:SOWG opened at $4.17 on Wednesday. Sow Good has a 52 week low of $1.04 and a 52 week high of $31.80. The stock has a market capitalization of $83.90 million, a P/E ratio of -0.17 and a beta of 1.39. The firm has a fifty day simple moving average of $2.07 and a two-hundred day simple moving average of $5.52. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.11.

Sow Good (NASDAQ:SOWG) last posted its earnings results on Wednesday, May 20th. The company reported ($0.13) earnings per share for the quarter. Sow Good had a negative return on equity of 78.61% and a negative net margin of 300.71%.

Sow Good Company Profile

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.