Short Interest in RMG ML Sports Holdings (NASDAQ:SHOT) Decreases By 51.8%

RMG ML Sports Holdings (NASDAQ:SHOT) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 2,703 shares, a decrease of 51.8% from the August 15th total of 5,612 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 90,657 shares, the short-interest ratio is currently 0.0 days.

RMG ML Sports Price Performance

Shares of NASDAQ SHOT traded up $0.01 during midday trading on Tuesday, reaching $9.86. 1,954 shares of the stock were exchanged, compared to its average volume of 57,861. The stock has a market capitalization of $1.69 billion, a P/E ratio of -30.82 and a beta of 1.57. RMG ML Sports has a 52-week low of $9.80 and a 52-week high of $9.90. The stock’s 50 day simple moving average is $9.83.

RMG ML Sports Company Profile

RMG ML Sports is associated with the Nasdaq ticker SHOT, which is used by Safety Shot, Inc, a consumer health and wellness company formerly known as Jupiter Wellness, Inc The company focuses on developing and marketing products intended to support wellness and address specific consumer health needs.

Its principal product is Safety Shot, a functional beverage marketed as a product designed to help consumers feel better faster after drinking alcohol. The company has also been involved in the development and commercialization of wellness products, including topical and dietary supplement offerings, through its broader consumer health portfolio.

Safety Shot serves consumers primarily through direct-to-consumer and retail distribution channels, with a focus on the U.S.