Short Interest in Jeffs’ Brands Ltd (NASDAQ:JFBR) Drops By 98.3%

Jeffs’ Brands Ltd (NASDAQ:JFBRGet Free Report) was the target of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 26,500 shares, a drop of 98.3% from the October 31st total of 1,590,000 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 211,600 shares, the days-to-cover ratio is currently 0.1 days.

Jeffs’ Brands Trading Down 16.4 %

Shares of JFBR traded down $0.49 on Wednesday, reaching $2.49. The stock had a trading volume of 2,491,579 shares, compared to its average volume of 152,310. The company has a 50-day simple moving average of $3.61 and a 200-day simple moving average of $3.68. Jeffs’ Brands has a 12-month low of $2.21 and a 12-month high of $68.77.

Insiders Place Their Bets

In other Jeffs’ Brands news, major shareholder Jeffrey J. Conroy acquired 84,760 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was acquired at an average price of $4.68 per share, for a total transaction of $396,676.80. Following the acquisition, the insider now owns 187,076 shares in the company, valued at $875,515.68. This represents a 82.84 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last 90 days, insiders acquired 155,203 shares of company stock worth $634,413. 51.27% of the stock is currently owned by company insiders.

About Jeffs’ Brands

(Get Free Report)

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.

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