Sadot Group Inc. (NASDAQ:SDOT) Sees Significant Drop in Short Interest

Posted by admin on Mar 29th, 2024

Sadot Group Inc. (NASDAQ:SDOT – Get Free Report) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 47,700 shares, a decrease of 61.3% from the February 29th total of 123,200 shares. Based on an average daily trading volume, of 217,300 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Alliance Global Partners reiterated a “neutral” rating on shares of Sadot Group in a report on Friday, March 22nd.

View Our Latest Report on Sadot Group

Sadot Group Stock Performance

Shares of Sadot Group stock remained flat at $0.30 during trading hours on Thursday. The stock had a trading volume of 323,750 shares, compared to its average volume of 217,730. The company has a market cap of $15.47 million, a PE ratio of -1.43 and a beta of 0.98. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.05 and a current ratio of 1.08. Sadot Group has a twelve month low of $0.28 and a twelve month high of $1.60. The company’s fifty day simple moving average is $0.35 and its two-hundred day simple moving average is $0.53.

Institutional Trading of Sadot Group

A number of large investors have recently modified their holdings of SDOT. Vanguard Group Inc. purchased a new position in Sadot Group in the fourth quarter worth $341,000. Gladstone Institutional Advisory LLC purchased a new stake in Sadot Group in the 4th quarter valued at approximately $58,000. Finally, Northern Trust Corp acquired a new position in Sadot Group in the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 13.27% of the company’s stock.

About Sadot Group

(Get Free Report)

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.