Sadot Group Inc. (NASDAQ:SDOT) Sees Large Decrease in Short Interest

Sadot Group Inc. (NASDAQ:SDOT) was the target of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 90,129 shares, a drop of 26.0% from the January 15th total of 121,776 shares. Based on an average daily volume of 60,438 shares, the short-interest ratio is presently 1.5 days. Currently, 7.4% of the company’s stock are sold short. Currently, 7.4% of the company’s stock are sold short. Based on an average daily volume of 60,438 shares, the short-interest ratio is presently 1.5 days.

Sadot Group Stock Performance

Shares of NASDAQ SDOT traded down $0.03 during midday trading on Friday, hitting $2.60. The company’s stock had a trading volume of 8,374 shares, compared to its average volume of 38,551. Sadot Group has a 1-year low of $1.17 and a 1-year high of $35.60. The firm’s fifty day moving average price is $2.58 and its 200-day moving average price is $5.21. The firm has a market cap of $3.36 million, a P/E ratio of -0.17 and a beta of 0.80.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Sadot Group stock. Jane Street Group LLC bought a new position in Sadot Group Inc. (NASDAQ:SDOT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 44,139 shares of the company’s stock, valued at approximately $58,000. Jane Street Group LLC owned 0.60% of Sadot Group at the end of the most recent reporting period. 13.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Sadot Group in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

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.