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

Sadot Group Inc. (NASDAQ:SDOT) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 64,145 shares, a decline of 35.8% from the June 30th total of 99,947 shares. Based on an average trading volume of 2,371,053 shares, the days-to-cover ratio is presently 0.0 days. Currently, 9.6% of the company’s stock are sold short.

Sadot Group Price Performance

NASDAQ SDOT opened at $13.25 on Friday. The company has a market capitalization of $8.88 million, a price-to-earnings ratio of -0.04 and a beta of -1.58. Sadot Group has a 12 month low of $2.63 and a 12 month high of $260.40. The company’s fifty day moving average price is $19.22 and its two-hundred day moving average price is $31.84.

Sadot Group (NASDAQ:SDOT) last released its earnings results on Friday, May 15th. The company reported ($2.67) earnings per share for the quarter, missing the consensus estimate 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%.

Wall Street Analyst Weigh In

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

Institutional Trading of Sadot Group

A hedge fund recently bought a new position in Sadot Group stock. Jane Street Group LLC bought a new position in shares of Sadot Group Inc. (NASDAQ:SDOT) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 44,139 shares of the company’s stock, valued at approximately $58,000. Jane Street Group LLC owned about 0.60% of Sadot Group as of its most recent SEC filing. Institutional investors and hedge funds own 13.27% of the company’s stock.

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.