N2OFF, Inc. (NASDAQ:NITO) Short Interest Up 1,471.9% in January

N2OFF, Inc. (NASDAQ:NITO) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 79,366 shares, a growth of 1,471.9% from the January 15th total of 5,049 shares. Based on an average daily trading volume, of 4,382,157 shares, the short-interest ratio is presently 0.0 days. Approximately 3.0% of the company’s shares are short sold. Approximately 3.0% of the company’s shares are short sold. Based on an average daily trading volume, of 4,382,157 shares, the short-interest ratio is presently 0.0 days.

N2OFF Price Performance

Shares of NITO stock remained flat at $1.02 during trading hours on Tuesday. The stock had a trading volume of 30,090 shares, compared to its average volume of 2,486,802. The firm’s fifty day simple moving average is $1.96 and its 200 day simple moving average is $4.27. N2OFF has a one year low of $0.88 and a one year high of $40.60.

N2OFF (NASDAQ:NITO) last released its quarterly earnings data on Thursday, November 13th. The company reported ($8.29) EPS for the quarter. The company had revenue of $0.07 million during the quarter.

Institutional Investors Weigh In On N2OFF

A hedge fund recently bought a new stake in N2OFF stock. Yorkville Advisors Global LP purchased a new position in shares of N2OFF, Inc. (NASDAQ:NITO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 34,980 shares of the company’s stock, valued at approximately $130,000. N2OFF makes up 0.0% of Yorkville Advisors Global LP’s portfolio, making the stock its 25th biggest position. Yorkville Advisors Global LP owned approximately 3.68% of N2OFF at the end of the most recent reporting period. Hedge funds and other institutional investors own 61.24% of the company’s stock.

About N2OFF

N2OFF, Inc, an agri-food tech company, engages in the development and sale of eco-friendly green solutions for the food industry to enhance food safety and shelf life of fresh produce. Its products are based on proprietary blend of food acids combined with various oxidizing agent-based sanitizers and low concentrated fungicides for cleaning, sanitizing, and controlling pathogens on fresh produce that are safer for human consumption and extend their shelf life by reducing their decay. The company’s products include SavePROTECT or PeroStar, a processing aid for post-harvest application that is added to fruit and vegetable wash water; and SF3HS and SF3H, a post-harvest cleaning and sanitizing solution to control plant and foodborne pathogens.