Sadot Group Inc. (NASDAQ:SDOT) Short Interest Update

Sadot Group Inc. (NASDAQ:SDOT) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 46,500 shares, a drop of 62.5% from the March 31st total of 124,100 shares. Based on an average daily volume of 186,800 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Wall Street Analyst Weigh In

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

Institutional Trading of Sadot Group

A hedge fund recently bought a new stake in Sadot Group stock. Gladstone Institutional Advisory LLC bought a new stake in Sadot Group Inc. (NASDAQ:SDOT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 145,000 shares of the company’s stock, valued at approximately $58,000. Gladstone Institutional Advisory LLC owned 0.31% of Sadot Group at the end of the most recent reporting period. Hedge funds and other institutional investors own 13.27% of the company’s stock.

Sadot Group Price Performance

Shares of NASDAQ SDOT remained flat at $0.27 during mid-day trading on Friday. The company had a trading volume of 12,188 shares, compared to its average volume of 131,968. The firm has a market cap of $13.99 million, a PE ratio of -1.29 and a beta of 0.96. Sadot Group has a 1-year low of $0.22 and a 1-year high of $1.60. The company has a current ratio of 1.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.03. The firm’s 50 day simple moving average is $0.33 and its 200 day simple moving average is $0.43.

Sadot Group (NASDAQ:SDOT) last announced its quarterly earnings results on Wednesday, March 20th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.07). The company had revenue of $171.23 million during the quarter, compared to the consensus estimate of $182.10 million. Sadot Group had a negative return on equity of 21.34% and a negative net margin of 1.08%. Equities analysts forecast that Sadot Group will post -0.1 earnings per share for the current year.

Sadot Group Company Profile

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.