Strive, Inc. (NASDAQ:ASST) Short Interest Update

Strive, Inc. (NASDAQ:ASST) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 114,800,790 shares, an increase of 29.0% from the November 30th total of 88,975,355 shares. Currently, 32.3% of the shares of the company are sold short. Based on an average daily volume of 95,142,899 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 95,142,899 shares, the days-to-cover ratio is currently 1.2 days. Currently, 32.3% of the shares of the company are sold short.

Strive Stock Performance

Shares of ASST opened at $0.73 on Wednesday. The firm has a market cap of $596.93 million, a PE ratio of -2.44 and a beta of 16.72. Strive has a twelve month low of $0.39 and a twelve month high of $13.42. The firm’s 50 day moving average price is $1.07 and its 200 day moving average price is $3.14.

Strive (NASDAQ:ASST) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.22) earnings per share for the quarter. The firm had revenue of $1.54 million for the quarter.

Insider Buying and Selling

In other Strive news, CEO Matthew Ryan Cole bought 248,999 shares of the stock in a transaction on Monday, December 15th. The stock was purchased at an average price of $0.80 per share, for a total transaction of $199,199.20. Following the completion of the purchase, the chief executive officer directly owned 366,709 shares in the company, valued at approximately $293,367.20. This trade represents a 211.54% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 56.47% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Two Sigma Investments LP bought a new stake in shares of Strive in the 3rd quarter valued at about $27,000. Verition Fund Management LLC acquired a new position in Strive during the third quarter worth approximately $28,000. Gruss & Co. LLC bought a new stake in Strive in the third quarter valued at approximately $38,000. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Strive in the second quarter valued at approximately $39,000. Finally, Ground Swell Capital LLC bought a new position in shares of Strive during the 2nd quarter worth approximately $40,000. Institutional investors own 5.52% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on ASST. Maxim Group set a $1.50 price target on shares of Strive and gave the company a “buy” rating in a report on Wednesday, December 10th. Wall Street Zen raised shares of Strive from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. Finally, Weiss Ratings reaffirmed a “sell (e-)” rating on shares of Strive in a report on Monday. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Strive currently has an average rating of “Hold” and an average price target of $1.50.

Strive Company Profile

Asset Entities, Inc (NASDAQ: ASST) is a specialty finance company that acquires, originates and services asset-backed loans and receivables across a range of industry sectors. The firm focuses on structuring and managing credit portfolios in equipment finance, commercial receivables and other asset-backed classes, employing securitization vehicles and bespoke financing solutions to deliver liquidity to underserved small- and mid-market borrowers.

Through its platform, Asset Entities leverages data-driven underwriting, risk management and portfolio optimization to create diversified exposure across end markets.