Strive, Inc. (NASDAQ:ASST) Sees Large Decrease in Short Interest

Strive, Inc. (NASDAQ:ASST) saw a large decline in short interest in February. As of February 13th, there was short interest totaling 10,871,880 shares, a decline of 94.2% from the January 29th total of 187,459,977 shares. Approximately 17.9% of the company’s stock are sold short. Based on an average daily volume of 6,587,084 shares, the short-interest ratio is presently 1.7 days. Based on an average daily volume of 6,587,084 shares, the short-interest ratio is presently 1.7 days. Approximately 17.9% of the company’s stock are sold short.

Analysts Set New Price Targets

ASST has been the topic of a number of research analyst reports. Wall Street Zen raised Strive from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. Maxim Group set a $30.00 target price on Strive and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Finally, Weiss Ratings reaffirmed a “sell (e-)” rating on shares of Strive in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Strive has an average rating of “Hold” and an average target price of $30.00.

Strive Price Performance

Shares of ASST traded up $1.38 during trading hours on Wednesday, hitting $8.54. The stock had a trading volume of 4,999,441 shares, compared to its average volume of 5,346,505. The firm has a market capitalization of $532.64 million, a PE ratio of -1.42 and a beta of 16.87. Strive has a 12 month low of $7.02 and a 12 month high of $268.40. The stock has a fifty day moving average price of $14.86 and a 200 day moving average price of $40.47.

Insider Activity

In other news, CFO Benjamin Pham acquired 6,214 shares of Strive stock in a transaction on Wednesday, February 18th. The stock was acquired at an average cost of $8.06 per share, for a total transaction of $50,084.84. Following the purchase, the chief financial officer owned 6,214 shares in the company, valued at $50,084.84. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew Ryan Cole bought 25,000 shares of the firm’s stock in a transaction on Tuesday, January 13th. The stock was purchased at an average cost of $18.40 per share, with a total value of $460,000.00. Following the completion of the acquisition, the chief executive officer directly owned 38,150 shares of the company’s stock, valued at approximately $701,960. The trade was a 190.11% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 61,935 shares of company stock worth $944,387 over the last three months. 2.84% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Strive

Several institutional investors have recently made changes to their positions in the business. TRU Independence Asset Management 2 LLC bought a new position in shares of Strive in the 4th quarter worth approximately $63,000. Kera Capital Partners Inc. purchased a new stake in Strive during the fourth quarter valued at approximately $36,000. Virtu Financial LLC bought a new position in Strive in the fourth quarter worth approximately $76,000. Invesco Ltd. bought a new position in Strive in the fourth quarter worth approximately $209,000. Finally, Corient Private Wealth LLC purchased a new position in shares of Strive during the 4th quarter worth $388,000. Institutional investors own 5.52% of the company’s stock.

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.