Sadot Group Inc. (NASDAQ:SDOT) Short Interest Down 84.6% in May

Sadot Group Inc. (NASDAQ:SDOT) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 23,710 shares, a drop of 84.6% from the May 14th total of 154,090 shares. Based on an average daily volume of 182,518 shares, the days-to-cover ratio is currently 0.1 days. Approximately 3.6% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Sadot Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 26th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Trading of Sadot Group

A hedge fund recently bought a new stake in Sadot Group stock. Jane Street Group LLC purchased a new stake in Sadot Group Inc. (NASDAQ:SDOT) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 44,139 shares of the company’s stock, valued at approximately $58,000. Jane Street Group LLC owned 0.60% of Sadot Group as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 13.27% of the company’s stock.

Sadot Group Stock Down 10.7%

Sadot Group stock traded down $2.64 during midday trading on Friday, reaching $21.94. The stock had a trading volume of 98,648 shares, compared to its average volume of 985,096. Sadot Group has a 52-week low of $2.63 and a 52-week high of $460.00. The firm has a market cap of $14.70 million, a price-to-earnings ratio of -0.07 and a beta of 0.46. The company has a fifty day moving average of $17.77 and a 200 day moving average of $37.74.

Sadot Group (NASDAQ:SDOT) last announced its earnings results on Friday, May 15th. The company reported ($2.67) earnings per share (EPS) for the quarter, missing the consensus estimate of $74.00 by ($76.67). Sadot Group had a negative net margin of 37.82% and a negative return on equity of 963.54%.

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. The company is also involved in the food service operations across the United States. The company was formerly known as Muscle Maker Inc and changed its name to Sadot Group Inc Sadot Group Inc was incorporated in 2019 and is headquartered in Fort Worth, Texas.