A2Z Smart Technologies Corp. (NASDAQ:AZ) Short Interest Up 37.9% in January

A2Z Smart Technologies Corp. (NASDAQ:AZ) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 186,100 shares, an increase of 37.9% from the January 15th total of 135,000 shares. Approximately 1.5% of the shares of the company are sold short. Based on an average daily volume of 103,600 shares, the short-interest ratio is currently 1.8 days.

Institutional Trading of A2Z Smart Technologies

Large investors have recently added to or reduced their stakes in the stock. Garnet Equity Capital Holdings Inc. purchased a new stake in A2Z Smart Technologies in the fourth quarter worth $1,986,000. IHT Wealth Management LLC bought a new position in shares of A2Z Smart Technologies during the 4th quarter worth $1,156,000. Renaissance Technologies LLC bought a new position in shares of A2Z Smart Technologies during the 4th quarter worth $287,000. Finally, Clal Insurance Enterprises Holdings Ltd bought a new stake in A2Z Smart Technologies in the 4th quarter valued at about $3,619,000. Hedge funds and other institutional investors own 12.64% of the company’s stock.

A2Z Smart Technologies Price Performance

Shares of A2Z Smart Technologies stock traded up $0.19 during trading hours on Friday, hitting $6.75. 127,245 shares of the company’s stock traded hands, compared to its average volume of 106,226. The stock has a market capitalization of $185.22 million, a price-to-earnings ratio of -13.50 and a beta of 1.38. A2Z Smart Technologies has a 12-month low of $0.85 and a 12-month high of $7.80. The company has a fifty day simple moving average of $6.82 and a 200-day simple moving average of $4.65.

A2Z Smart Technologies Company Profile

A2Z Smart Technologies Corp., a technology company, focuses on the development and commercialization of retail smart cart solutions for grocery stores and supermarkets in Israel and internationally. The company operates through three segments: Precision Metal Parts, Advanced Engineering, and Smart Carts.