Sadot Group Inc. (NASDAQ:SDOT) Sees Large Decline in Short Interest

Sadot Group Inc. (NASDAQ:SDOT) was the target of a large decrease in short interest in May. As of May 31st, there was short interest totalling 38,600 shares, a decrease of 31.2% from the May 15th total of 56,100 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 189,200 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Sadot Group stock. Gladstone Institutional Advisory LLC acquired a new stake in Sadot Group Inc. (NASDAQ:SDOT) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 145,000 shares of the company’s stock, valued at approximately $58,000. Gladstone Institutional Advisory LLC owned 0.31% of Sadot Group as of its most recent filing with the SEC. Institutional investors own 13.27% of the company’s stock.

Sadot Group Stock Performance

Shares of NASDAQ:SDOT remained flat at $0.27 during mid-day trading on Friday. 5,699,019 shares of the company traded hands, compared to its average volume of 125,458. The firm’s 50-day simple moving average is $0.28 and its 200 day simple moving average is $0.34. Sadot Group has a fifty-two week low of $0.22 and a fifty-two week high of $1.47.

Sadot Group (NASDAQ:SDOT) last released its quarterly earnings data on Wednesday, May 15th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.02. The firm had revenue of $107.94 million for the quarter, compared to analyst estimates of $215.10 million. Sadot Group had a negative net margin of 1.13% and a negative return on equity of 16.63%. On average, equities analysts predict that Sadot Group will post -0.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners restated a “neutral” rating on shares of Sadot Group in a research report on Friday, March 22nd.

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.