Sadot Group Inc. (NASDAQ:SDOT) Short Interest Up 311.4% in June

Sadot Group Inc. (NASDAQ:SDOT) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 97,553 shares, a growth of 311.4% from the May 31st total of 23,710 shares. Currently, 14.6% of the company’s shares are sold short. Based on an average trading volume of 6,936,585 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Wall Street Zen downgraded Sadot Group to a “strong sell” rating in a research report on Saturday, June 20th. Weiss Ratings cut Sadot Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Sadot Group Stock Up 247.1%

SDOT stock traded up $15.27 during trading on Friday, hitting $21.45. 44,380,194 shares of the company’s stock traded hands, compared to its average volume of 4,276,698. The firm has a market capitalization of $14.37 million, a P/E ratio of -0.07 and a beta of 0.46. Sadot Group has a 1 year low of $2.63 and a 1 year high of $460.00. The business has a fifty day simple moving average of $13.73 and a two-hundred day simple moving average of $34.36.

Sadot Group (NASDAQ:SDOT) last posted its earnings results on Friday, May 15th. The company reported ($2.67) earnings per share 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%.

Institutional Investors Weigh In On Sadot Group

An institutional investor recently bought a new stake in Sadot Group stock. Jane Street Group LLC acquired a new stake in shares of Sadot Group Inc. (NASDAQ:SDOT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 44,139 shares of the company’s stock, valued at approximately $58,000. Jane Street Group LLC owned approximately 0.60% of Sadot Group at the end of the most recent reporting period. 13.27% of the stock is currently owned by institutional investors.

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.