Nexera Technologies Ltd. (NASDAQ:NEXR) Sees Significant Increase in Short Interest

Nexera Technologies Ltd. (NASDAQ:NEXR) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 73,471 shares, a growth of 62.9% from the July 30th total of 45,098 shares. Approximately 27.1% of the shares of the company are sold short. Based on an average daily volume of 764,049 shares, the days-to-cover ratio is currently 0.1 days.

Nexera Technologies Price Performance

Shares of Nexera Technologies stock traded down $0.07 on Monday, hitting $1.86. The company’s stock had a trading volume of 103,447 shares, compared to its average volume of 468,234. Nexera Technologies has a 1 year low of $1.80 and a 1 year high of $847.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.82 and a quick ratio of 0.70. The firm has a fifty day moving average price of $4.47 and a 200-day moving average price of $19.75.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Nexera Technologies to a “hold” rating in a research note on Saturday, June 27th. Weiss Ratings upgraded shares of Nexera Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Nexera Technologies has an average rating of “Sell”.

About Nexera Technologies

Jeffs’ Brands Ltd, together with its subsidiaries, operates as an e-commerce company. It engages in the sale of various consumer products on Amazon online marketplace. The company offers knife-sharpening sets, sharpeners, and nonslip rubber bases under the KnifePlanet brand; steel and soft-tip dart sets under the CC-Exquisite brand; car door and sets protectors for pets under the PetEvo brand; and bag sets and party supply kits for children under the Whoobli brand. It also provides reusable, self-cleansing pet hair removers for cats and dogs under the Wellted brand; and pest control products under the Fort brand.