Short Interest in Safety Shot, Inc. (NASDAQ:SHOT) Drops By 17.3%

Safety Shot, Inc. (NASDAQ:SHOT) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 2,050,000 shares, a decrease of 17.3% from the February 28th total of 2,480,000 shares. Based on an average daily trading volume, of 725,300 shares, the days-to-cover ratio is currently 2.8 days. Currently, 3.4% of the shares of the company are short sold.

Institutional Investors Weigh In On Safety Shot

Institutional investors and hedge funds have recently modified their holdings of the company. CreativeOne Wealth LLC purchased a new position in shares of Safety Shot during the third quarter valued at approximately $27,000. Virtu Financial LLC acquired a new position in shares of Safety Shot during the fourth quarter worth $33,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Safety Shot in the 4th quarter valued at approximately $74,000. Jane Street Group LLC raised its holdings in Safety Shot by 397.7% in the fourth quarter. Jane Street Group LLC now owns 102,267 shares of the company’s stock valued at $74,000 after acquiring an additional 81,720 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in Safety Shot by 20.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 180,294 shares of the company’s stock valued at $130,000 after buying an additional 30,000 shares in the last quarter. Institutional investors and hedge funds own 12.55% of the company’s stock.

Safety Shot Stock Up 8.9 %

Shares of SHOT stock traded up $0.04 during mid-day trading on Wednesday, hitting $0.44. The stock had a trading volume of 225,823 shares, compared to its average volume of 827,012. The company’s 50-day simple moving average is $0.48 and its 200-day simple moving average is $0.79. Safety Shot has a fifty-two week low of $0.34 and a fifty-two week high of $2.40.

Safety Shot Company Profile

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.