Short Interest in Sadot Group Inc. (NASDAQ:SDOT) Declines By 62.4%

Sadot Group Inc. (NASDAQ:SDOT) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 31,180 shares, a decline of 62.4% from the November 30th total of 82,889 shares. Based on an average trading volume of 35,725 shares, the short-interest ratio is presently 0.9 days. Approximately 2.6% of the company’s stock are sold short. Approximately 2.6% of the company’s stock are sold short. Based on an average trading volume of 35,725 shares, the short-interest ratio is presently 0.9 days.

Sadot Group Trading Up 17.1%

Shares of SDOT stock traded up $0.28 during trading on Friday, reaching $1.89. 384,917 shares of the company’s stock traded hands, compared to its average volume of 139,990. The firm’s 50-day moving average is $3.94 and its 200 day moving average is $8.09. The company has a market capitalization of $2.43 million, a P/E ratio of -0.13 and a beta of 0.63. Sadot Group has a 1 year low of $1.20 and a 1 year high of $40.80.

Sadot Group (NASDAQ:SDOT) last released its quarterly earnings results on Wednesday, November 19th. The company reported ($17.38) EPS for the quarter, missing analysts’ consensus estimates of $2.10 by ($19.48). Sadot Group had a negative net margin of 2.81% and a negative return on equity of 41.55%. The firm had revenue of $0.29 million for the quarter, compared to analysts’ expectations of $180.40 million. As a group, sell-side analysts predict that Sadot Group will post -0.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sadot Group in a research report on Monday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On Sadot Group

An institutional investor recently bought a new position in Sadot Group stock. Jane Street Group LLC bought a new stake in shares of Sadot Group Inc. (NASDAQ:SDOT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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). Institutional investors own 13.27% of the company’s stock.

Sadot Group Company Profile

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.