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

Strive, Inc. (NASDAQ:ASST) saw a large increase in short interest in 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. Approximately 32.3% of the shares of the stock are short sold. Based on an average trading volume of 95,142,899 shares, the days-to-cover ratio is presently 1.2 days. Based on an average trading volume of 95,142,899 shares, the days-to-cover ratio is presently 1.2 days. Approximately 32.3% of the shares of the stock are short sold.

Insiders Place Their Bets

In related news, CEO Matthew Ryan Cole acquired 248,999 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were acquired at an average cost of $0.80 per share, with a total value of $199,199.20. Following the completion of the acquisition, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 56.47% of the company’s stock.

Institutional Trading of Strive

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

Wall Street Analyst Weigh In

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

Strive Trading Up 0.8%

Shares of ASST stock opened at $0.74 on Friday. Strive has a twelve month low of $0.39 and a twelve month high of $13.42. The company’s 50-day moving average price is $1.07 and its 200-day moving average price is $3.10. The stock has a market cap of $601.82 million, a price-to-earnings ratio of -2.46 and a beta of 16.86.

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

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.