Save Foods, Inc. (NASDAQ:SVFD) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 6,100 shares, an increase of 117.9% from the December 15th total of 2,800 shares. Based on an average daily volume of 34,400 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the company’s shares are short sold.
Several institutional investors have recently added to or reduced their stakes in SVFD. Psagot Investment House Ltd. purchased a new stake in shares of Save Foods during the 2nd quarter valued at about $996,000. Kepos Capital LP purchased a new stake in shares of Save Foods during the 2nd quarter valued at about $792,000. Noked Capital LTD purchased a new stake in shares of Save Foods during the 2nd quarter valued at about $598,000. Finally, North Star Investment Management Corp. raised its holdings in shares of Save Foods by 295.5% during the 3rd quarter. North Star Investment Management Corp. now owns 26,769 shares of the company’s stock valued at $172,000 after buying an additional 20,000 shares during the period. Institutional investors own 14.44% of the company’s stock.
Save Foods stock opened at $4.40 on Friday. The stock’s 50-day moving average is $5.47 and its 200-day moving average is $7.22. Save Foods has a 12 month low of $3.67 and a 12 month high of $30.10.
About Save Foods
Save Foods, Inc engages in the research and development of green solutions for extending storability and shelf life of vegetables and fruits. The company was founded by Nimrod Ben-Yehuda on April 1, 2009 and is headquartered in Haifa, Israel.
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