A2Z Smart Technologies Corp. (NASDAQ:AZ) Sees Significant Increase in Short Interest

A2Z Smart Technologies Corp. (NASDAQ:AZ) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 191,800 shares, a growth of 61.4% from the February 13th total of 118,800 shares. Approximately 1.5% of the company’s stock are short sold. Based on an average daily trading volume, of 111,200 shares, the short-interest ratio is currently 1.7 days.

Institutional Investors Weigh In On A2Z Smart Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Garnet Equity Capital Holdings Inc. bought a new stake in shares of A2Z Smart Technologies in the 4th quarter worth about $1,986,000. IHT Wealth Management LLC bought a new stake in shares of A2Z Smart Technologies in the 4th quarter worth about $1,156,000. Renaissance Technologies LLC bought a new stake in shares of A2Z Smart Technologies in the 4th quarter worth about $287,000. Finally, Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of A2Z Smart Technologies in the 4th quarter worth about $3,619,000. Institutional investors own 12.64% of the company’s stock.

A2Z Smart Technologies Price Performance

A2Z Smart Technologies stock opened at $6.75 on Friday. A2Z Smart Technologies has a 12-month low of $0.85 and a 12-month high of $8.28. The company has a market capitalization of $185.25 million, a price-to-earnings ratio of -13.50 and a beta of 1.38. The firm’s fifty day moving average price is $6.88 and its 200 day moving average price is $5.38.

About A2Z Smart Technologies

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.