Short Interest in Strive, Inc. (NASDAQ:ASST) Increases By 34.8%

Strive, Inc. (NASDAQ:ASST) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 187,459,977 shares, an increase of 34.8% from the January 15th total of 139,076,967 shares. Based on an average daily volume of 79,623,646 shares, the days-to-cover ratio is currently 2.4 days. Approximately 309.3% of the shares of the company are short sold. Approximately 309.3% of the shares of the company are short sold. Based on an average daily volume of 79,623,646 shares, the days-to-cover ratio is currently 2.4 days.

Analysts Set New Price Targets

ASST has been the topic of a number of analyst reports. Wall Street Zen upgraded Strive from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Weiss Ratings reaffirmed a “sell (e-)” rating on shares of Strive in a research note on Monday, December 29th. Finally, Maxim Group set a $30.00 price objective on shares of Strive and gave the company a “buy” rating in a research note on Wednesday, December 10th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Strive presently has an average rating of “Hold” and an average price target of $30.00.

Strive Price Performance

Strive stock opened at $8.33 on Tuesday. The stock has a market capitalization of $519.35 million, a P/E ratio of -1.39 and a beta of 16.87. Strive has a 12-month low of $7.57 and a 12-month high of $268.40. The firm’s 50-day moving average is $16.10 and its two-hundred day moving average is $42.95.

Strive (NASDAQ:ASST) last announced its quarterly earnings data on Friday, November 14th. The company reported ($4.40) earnings per share (EPS) for the quarter. The company had revenue of $1.54 million for the quarter.

Insider Activity at Strive

In other news, CEO Matthew Ryan Cole purchased 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 13th. The stock was purchased at an average cost of $18.40 per share, with a total value of $460,000.00. Following the completion of the acquisition, the chief executive officer directly owned 38,150 shares of the company’s stock, valued at approximately $701,960. This trade represents a 190.11% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have acquired 47,821 shares of company stock valued at $829,285. 2.84% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Strive

Several large investors have recently added to or reduced their stakes in the business. Ground Swell Capital LLC purchased a new stake in Strive in the 2nd quarter valued at about $40,000. Geode Capital Management LLC grew its holdings in shares of Strive by 362.6% during the 2nd quarter. Geode Capital Management LLC now owns 149,585 shares of the company’s stock worth $561,000 after purchasing an additional 117,249 shares during the period. Creative Planning purchased a new stake in Strive during the second quarter worth approximately $79,000. XTX Topco Ltd acquired a new stake in Strive in the 2nd quarter valued at $126,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Strive during the 2nd quarter valued at about $40,000. 5.52% of the stock is currently owned by hedge funds and other institutional investors.

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.