Strive, Inc. (NASDAQ:ASST) Short Interest Up 34.8% in January

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

Wall Street Analyst Weigh In

ASST has been the subject of several research analyst reports. Wall Street Zen raised Strive from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Maxim Group set a $30.00 target price on Strive and gave the company a “buy” rating in a report on Wednesday, December 10th. Finally, Weiss Ratings restated a “sell (e-)” rating on shares of Strive in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $30.00.

Insider Buying and Selling

In related news, CEO Matthew Ryan Cole acquired 25,000 shares of Strive stock in a transaction dated Tuesday, January 13th. The stock was acquired at an average cost of $18.40 per share, with a total value of $460,000.00. Following the purchase, the chief executive officer directly owned 38,150 shares in the company, valued at $701,960. The trade was a 190.11% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought 47,821 shares of company stock valued at $829,285 in the last quarter. 2.84% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ASST. Tower Research Capital LLC TRC raised its stake in shares of Strive by 180.4% in the second quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock valued at $41,000 after purchasing an additional 7,057 shares in the last quarter. Engineers Gate Manager LP bought a new stake in Strive in the second quarter valued at about $40,000. Two Sigma Investments LP acquired a new position in Strive in the third quarter worth about $27,000. Ground Swell Capital LLC bought a new position in Strive during the second quarter worth about $40,000. Finally, Osaic Holdings Inc. acquired a new stake in Strive during the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 5.52% of the company’s stock.

Strive Price Performance

Shares of ASST stock traded up $0.63 on Friday, hitting $8.33. The company’s stock had a trading volume of 3,672,805 shares, compared to its average volume of 5,142,812. The stock has a market capitalization of $519.35 million, a price-to-earnings ratio of -1.39 and a beta of 16.87. Strive has a fifty-two week low of $7.57 and a fifty-two week high of $268.40. The firm’s fifty day moving average price is $16.33 and its 200-day moving average price is $43.53.

Strive (NASDAQ:ASST) last posted its earnings results on Friday, November 14th. The company reported ($4.40) EPS for the quarter. The business had revenue of $1.54 million for the quarter.

About Strive

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.