Safety Shot (NASDAQ:SHOT) Trading Down 8.9%

Shares of Safety Shot, Inc. (NASDAQ:SHOT) were down 8.9% during trading on Tuesday . The company traded as low as $1.51 and last traded at $1.53. Approximately 596,538 shares changed hands during trading, a decline of 61% from the average daily volume of 1,544,075 shares. The stock had previously closed at $1.68.

Safety Shot Trading Down 8.9 %

The company has a market capitalization of $75.31 million, a P/E ratio of -2.15 and a beta of 1.74. The company’s fifty day moving average is $2.17 and its 200 day moving average is $2.65.

Institutional Trading of Safety Shot

A hedge fund recently bought a new stake in Safety Shot stock. Tyche Wealth Partners LLC bought a new position in shares of Safety Shot, Inc. (NASDAQ:SHOT) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 15,500 shares of the company’s stock, valued at approximately $37,000. 12.55% of the stock is currently owned by institutional investors.

About Safety Shot

Safety Shot, Inc, a wellness and functional beverage company, researches and develops over-the-counter products and intellectual property. The company offers Safety Shot Beverage, an over-the-counter drink that lowers blood alcohol content. It also develops Photocil to address psoriasis and vitiligo; JW-700 to treat hair loss; JW-500 for women's sexual wellness; and NoStingz, a jellyfish sting prevention sunscreen.