Short Interest in Strive, Inc. (NASDAQ:ASST) Expands By 29.0%

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

Insider Buying and Selling

In other Strive news, CEO Matthew Ryan Cole purchased 248,999 shares of Strive stock in a transaction that occurred on Monday, December 15th. The stock was acquired at an average price of $0.80 per share, for a total transaction of $199,199.20. Following the completion of the acquisition, the chief executive officer owned 366,709 shares of the company’s stock, valued at approximately $293,367.20. This trade represents a 211.54% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 56.47% of the company’s stock.

Institutional Trading of Strive

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

Wall Street Analysts Forecast Growth

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

Strive Trading Up 0.8%

Shares of NASDAQ ASST opened at $0.74 on Thursday. The firm has a market cap of $601.82 million, a P/E ratio of -2.46 and a beta of 16.72. The business’s 50 day moving average is $1.07 and its 200-day moving average is $3.12. Strive has a 1-year low of $0.39 and a 1-year high of $13.42.

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