Short Interest in Sadot Group Inc. (NASDAQ:SDOT) Drops By 84.6%
by Michael Walen · The Markets DailySadot Group Inc. (NASDAQ:SDOT – Get Free Report) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 23,710 shares, a decrease of 84.6% from the May 14th total of 154,090 shares. Based on an average daily trading volume, of 182,518 shares, the days-to-cover ratio is presently 0.1 days. Currently, 3.6% of the company’s stock are sold short.
Institutional Investors Weigh In On Sadot Group
An institutional investor recently bought a new position in Sadot Group stock. Jane Street Group LLC purchased a new stake in shares of Sadot Group Inc. (NASDAQ:SDOT – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 44,139 shares of the company’s stock, valued at approximately $58,000. Jane Street Group LLC owned 0.60% of Sadot Group as of its most recent filing with the Securities & Exchange Commission. 13.27% of the stock is currently owned by institutional investors.
Sadot Group Trading Up 104.0%
Shares of NASDAQ SDOT traded up $14.05 during trading on Wednesday, reaching $27.55. 164,212 shares of the company traded hands, compared to its average volume of 963,984. The stock has a market cap of $18.46 million, a P/E ratio of -0.09 and a beta of 0.46. The firm’s fifty day simple moving average is $17.95 and its 200 day simple moving average is $38.12. Sadot Group has a 12-month low of $2.63 and a 12-month high of $460.00.
Sadot Group (NASDAQ:SDOT – Get Free Report) last issued its earnings results on Friday, May 15th. The company reported ($2.67) EPS for the quarter, missing analysts’ consensus estimates of $74.00 by ($76.67). Sadot Group had a negative return on equity of 963.54% and a negative net margin of 37.82%.
Analysts Set New Price Targets
Separately, Weiss Ratings lowered Sadot Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.
Check Out Our Latest Stock Report on SDOT
About Sadot Group
Sadot Group Inc provides supply chain solutions that address growing food security challenges worldwide. The company is involved in the agri-commodity sourcing and trading operations for food/feed products, such as soybean meal, wheat, and corn; and farm operations, including producing grains and tree crops in Southern Africa. The company is also involved in the food service operations across the United States. The company was formerly known as Muscle Maker Inc and changed its name to Sadot Group Inc Sadot Group Inc was incorporated in 2019 and is headquartered in Fort Worth, Texas.