Safety Shot, Inc. (NASDAQ:SHOT) Short Interest Down 26.4% in January

Safety Shot, Inc. (NASDAQ:SHOT) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 2,430,000 shares, a decrease of 26.4% from the January 15th total of 3,300,000 shares. Based on an average trading volume of 931,100 shares, the days-to-cover ratio is presently 2.6 days. Approximately 4.6% of the company’s stock are sold short.

Institutional Trading of Safety Shot

Hedge funds have recently added to or reduced their stakes in the business. CreativeOne Wealth LLC purchased a new stake in Safety Shot in the third quarter worth about $27,000. Tyler Stone Wealth Management lifted its position in shares of Safety Shot by 100.0% during the third quarter. Tyler Stone Wealth Management now owns 34,200 shares of the company’s stock valued at $42,000 after buying an additional 17,100 shares during the last quarter. Total Investment Management Inc. purchased a new stake in shares of Safety Shot during the third quarter valued at about $49,000. Virtu Financial LLC purchased a new stake in shares of Safety Shot during the fourth quarter valued at about $33,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Safety Shot during the fourth quarter valued at about $74,000. 12.55% of the stock is owned by hedge funds and other institutional investors.

Safety Shot Stock Down 1.0 %

NASDAQ:SHOT traded down $0.00 during mid-day trading on Friday, reaching $0.47. The company’s stock had a trading volume of 382,159 shares, compared to its average volume of 831,440. Safety Shot has a 1 year low of $0.45 and a 1 year high of $2.91. The stock has a fifty day moving average of $0.64 and a 200-day moving average of $0.88.

About Safety Shot

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.