N2OFF, Inc. (NASDAQ:NITO) Short Interest Update

N2OFF, Inc. (NASDAQ:NITO) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 4,391 shares, a decrease of 50.8% from the December 15th total of 8,921 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 34,525 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 34,525 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of N2OFF in a report on Wednesday, October 8th. Wall Street Zen raised N2OFF to a “sell” rating in a report on Saturday, October 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Institutional Investors Weigh In On N2OFF

A hedge fund recently bought a new stake in N2OFF stock. Yorkville Advisors Global LP acquired a new position in shares of N2OFF, Inc. (NASDAQ:NITO) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,980 shares of the company’s stock, valued at approximately $130,000. N2OFF accounts for approximately 0.0% of Yorkville Advisors Global LP’s holdings, making the stock its 25th biggest holding. Yorkville Advisors Global LP owned about 3.68% of N2OFF at the end of the most recent reporting period. 61.24% of the stock is currently owned by institutional investors.

N2OFF Stock Performance

Shares of NASDAQ:NITO traded up $0.09 during mid-day trading on Thursday, reaching $1.75. 1,922,192 shares of the company’s stock were exchanged, compared to its average volume of 211,413. N2OFF has a twelve month low of $1.40 and a twelve month high of $53.55. The firm has a market capitalization of $4.75 million, a price-to-earnings ratio of -0.05 and a beta of 1.67. The business’s fifty day moving average price is $2.53 and its 200-day moving average price is $5.24.

N2OFF (NASDAQ:NITO) last announced its earnings results on Thursday, November 13th. The company reported ($8.29) earnings per share (EPS) for the quarter. The company had revenue of $0.07 million during the quarter.

About N2OFF

N2OFF, Inc, an agri-food tech company, engages in the development and sale of eco-friendly green solutions for the food industry to enhance food safety and shelf life of fresh produce. Its products are based on proprietary blend of food acids combined with various oxidizing agent-based sanitizers and low concentrated fungicides for cleaning, sanitizing, and controlling pathogens on fresh produce that are safer for human consumption and extend their shelf life by reducing their decay. The company’s products include SavePROTECT or PeroStar, a processing aid for post-harvest application that is added to fruit and vegetable wash water; and SF3HS and SF3H, a post-harvest cleaning and sanitizing solution to control plant and foodborne pathogens.