Short Interest in SaverOne 2014 Ltd. Sponsored ADR (NASDAQ:SVRE) Declines By 39.2%

SaverOne 2014 Ltd. Sponsored ADR (NASDAQ:SVRE) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 3,434 shares, a drop of 39.2% from the May 31st total of 5,644 shares. Based on an average daily volume of 28,038 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.3% of the company’s shares are sold short.

SaverOne 2014 Stock Up 3.1%

Shares of SVRE opened at $2.62 on Friday. SaverOne 2014 has a 1 year low of $2.02 and a 1 year high of $40.68. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.88 and a current ratio of 2.34. The business has a 50-day moving average of $4.18 and a 200-day moving average of $4.21.

SaverOne 2014 (NASDAQ:SVRE) last announced its earnings results on Friday, March 27th. The company reported ($51.79) EPS for the quarter, missing the consensus estimate of ($45.99) by ($5.80). The company had revenue of $0.05 million during the quarter, compared to analyst estimates of $1.83 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of SaverOne 2014 from a “sell (e+)” rating to a “sell (e)” rating in a research report on Wednesday, June 17th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Insider Buying and Selling at SaverOne 2014

In other news, Director Visionwave Holdings, Inc. purchased 5,529,600 shares of SaverOne 2014 stock in a transaction dated Wednesday, June 3rd. The shares were bought at an average cost of $4.00 per share, for a total transaction of $22,118,400.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

SaverOne 2014 Company Profile

SaverOne 2014 Ltd, a technology company, engages in the design, development, and commercialization of transportation and safety solutions to save lives by preventing car accidents. The company is developing SaverOne Driver Distraction Prevention Solution system, an advanced driver safety solution that can identify and monitor mobile phones located in the driver's vicinity and selectively block use of life-threatening applications; and solutions for detection of vulnerable road users. The company was incorporated in 2014 and is headquartered in Petah Tikva, Israel.