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

Nexera Technologies Ltd. (NASDAQ:NEXR) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 167,461 shares, an increase of 177.0% from the September 15th total of 60,458 shares. Currently, 61.8% of the company’s stock are short sold. Based on an average trading volume of 1,026,387 shares, the days-to-cover ratio is currently 0.2 days.

Nexera Technologies Price Performance

Shares of NEXR stock traded down $0.02 during trading hours on Tuesday, hitting $0.97. 70,315 shares of the company were exchanged, compared to its average volume of 472,177. The firm has a fifty day simple moving average of $1.90 and a 200 day simple moving average of $9.56. The company has a current ratio of 3.23, a quick ratio of 2.20 and a debt-to-equity ratio of 0.14. Nexera Technologies has a 52-week low of $0.91 and a 52-week high of $659.12.

Nexera Technologies (NASDAQ:NEXR) last posted its quarterly earnings results on Monday, August 31st. The company reported ($25.90) earnings per share for the quarter. The firm had revenue of $5.21 million during the quarter.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Weiss Ratings upgraded Nexera Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, September 22nd. Wall Street Zen downgraded Nexera Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Nexera Technologies Company Profile

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.