SaverOne 2014 Ltd. Sponsored ADR (NASDAQ:SVRE) Short Interest Update
by Doug Wharley · The Cerbat GemSaverOne 2014 Ltd. Sponsored ADR (NASDAQ:SVRE – Get Free Report) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 6,315 shares, a drop of 63.8% from the April 30th total of 17,443 shares. Based on an average daily volume of 34,039 shares, the days-to-cover ratio is currently 0.2 days. Approximately 2.4% of the shares of the company are sold short.
Insider Buying and Selling
In other news, Director Visionwave Holdings, Inc. bought 49,420,800 shares of the firm’s stock in a transaction dated Monday, March 30th. The shares were bought at an average price of $3.00 per share, with a total value of $148,262,400.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have acquired 107,524,800 shares of company stock worth $322,574,400 over the last three months.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded shares of SaverOne 2014 from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.
View Our Latest Stock Analysis on SaverOne 2014
SaverOne 2014 Trading Up 5.3%
SaverOne 2014 stock traded up $0.22 during mid-day trading on Friday, reaching $4.34. The stock had a trading volume of 10,611 shares, compared to its average volume of 27,002. SaverOne 2014 has a fifty-two week low of $2.20 and a fifty-two week high of $68.28. The stock’s 50-day simple moving average is $4.09 and its 200-day simple moving average is $6.85. The company has a current ratio of 2.34, a quick ratio of 1.88 and a debt-to-equity ratio of 0.02.
SaverOne 2014 (NASDAQ:SVRE – Get Free Report) last released its quarterly earnings results on Friday, March 27th. The company reported ($51.79) EPS for the quarter, missing analysts’ consensus estimates of ($45.99) by ($5.80). The company had revenue of $0.05 million during the quarter, compared to analyst estimates of $1.84 million.
SaverOne 2014 Company Profile
SaverOne 2014 Ltd, a technology company, engages in the design, development, and commercialization of transportation and safety solutions to save lives by preventing car accidents. The company is developing SaverOne Driver Distraction Prevention Solution system, an advanced driver safety solution that can identify and monitor mobile phones located in the driver's vicinity and selectively block use of life-threatening applications; and solutions for detection of vulnerable road users. The company was incorporated in 2014 and is headquartered in Petah Tikva, Israel.