Nexera Technologies Ltd. (NASDAQ:NEXR) Sees Large Growth in Short Interest

Nexera Technologies Ltd. (NASDAQ:NEXR) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 167,461 shares, a growth of 177.0% from the September 15th total of 60,458 shares. Approximately 61.8% of the company’s stock are short sold. Based on an average daily trading volume, of 1,026,387 shares, the days-to-cover ratio is currently 0.2 days.

Nexera Technologies Price Performance

Shares of NEXR traded down $0.01 on Monday, reaching $1.00. 23,179 shares of the company’s stock traded hands, compared to its average volume of 474,187. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.20 and a current ratio of 3.23. The stock’s 50 day simple moving average is $1.94 and its two-hundred day simple moving average is $9.80. Nexera Technologies has a 52-week low of $0.91 and a 52-week high of $674.52.

Nexera Technologies (NASDAQ:NEXR) last announced its quarterly earnings data on Monday, August 31st. The company reported ($25.90) earnings per share (EPS) for the quarter. The business had revenue of $5.21 million during the quarter.

Analysts Set New Price Targets

NEXR has been the subject of several recent research reports. Wall Street Zen downgraded shares of Nexera Technologies from a “sell” rating to a “strong sell” rating in a research report on Saturday. Weiss Ratings raised shares of Nexera Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has a consensus rating of “Sell”.

About Nexera Technologies

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. It also provides reusable, self-cleansing pet hair removers for cats and dogs under the Wellted brand; and pest control products under the Fort brand.