Short Interest in Sadot Group Inc. (NASDAQ:SDOT) Expands By 276.7%

Sadot Group Inc. (NASDAQ:SDOT) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 154,090 shares, an increase of 276.7% from the April 30th total of 40,907 shares. Based on an average daily volume of 54,170,802 shares, the days-to-cover ratio is presently 0.0 days. Approximately 8.4% of the company’s shares are short sold.

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 shares of Sadot Group Inc. (NASDAQ:SDOT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 44,139 shares of the company’s stock, valued at approximately $58,000. Jane Street Group LLC owned about 0.60% of Sadot Group as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 13.27% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Sadot Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Sadot Group Stock Performance

Sadot Group stock traded down $0.43 during mid-day trading on Friday, reaching $2.77. 227,458 shares of the company were exchanged, compared to its average volume of 320,989. The business has a fifty day moving average of $21.97 and a 200 day moving average of $42.73. The firm has a market cap of $248,850.00, a P/E ratio of -0.18 and a beta of 0.75. Sadot Group has a 12-month low of $2.63 and a 12-month high of $460.00.

Sadot Group (NASDAQ:SDOT) last released its quarterly earnings results on Friday, May 15th. The company reported ($53.40) EPS for the quarter, missing the consensus estimate of $74.00 by ($127.40). 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.