SaverOne 2014 Ltd. Sponsored ADR (NASDAQ:SVRE) Sees Large Growth in Short Interest

SaverOne 2014 Ltd. Sponsored ADR (NASDAQ:SVRE) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 34,476 shares, a growth of 454.6% from the June 30th total of 6,216 shares. Based on an average trading volume of 154,742 shares, the days-to-cover ratio is presently 0.2 days. Currently, 13.3% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised SaverOne 2014 from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, July 6th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Insider Buying and Selling

In related news, Director Visionwave Holdings, Inc. acquired 5,529,600 shares of SaverOne 2014 stock in a transaction on Wednesday, June 3rd. The stock was 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website.

SaverOne 2014 Price Performance

NASDAQ:SVRE traded down $0.15 on Friday, hitting $3.56. The stock had a trading volume of 35,537 shares, compared to its average volume of 1,501,389. The company has a fifty day moving average price of $3.55 and a two-hundred day moving average price of $3.81. SaverOne 2014 has a 1-year low of $2.02 and a 1-year high of $31.08. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.88 and a current ratio of 2.34.

About SaverOne 2014

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.