Short Interest in Sadot Group Inc. (NASDAQ:SDOT) Increases By 311.4%

Sadot Group Inc. (NASDAQ:SDOT) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 97,553 shares, a growth of 311.4% from the May 31st total of 23,710 shares. Based on an average daily volume of 6,936,585 shares, the days-to-cover ratio is presently 0.0 days. Approximately 14.6% of the shares of the company are short sold.

Sadot Group Price Performance

Shares of NASDAQ SDOT traded up $8.30 during midday trading on Monday, reaching $29.75. 1,082,463 shares of the company traded hands, compared to its average volume of 1,343,251. The company has a market cap of $19.94 million, a price-to-earnings ratio of -0.09 and a beta of 0.47. The stock has a 50-day moving average price of $13.73 and a 200 day moving average price of $34.15. Sadot Group has a 52 week low of $2.63 and a 52 week high of $460.00.

Sadot Group (NASDAQ:SDOT) last announced its earnings results on Friday, May 15th. The company reported ($2.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $74.00 by ($76.67). Sadot Group had a negative net margin of 37.82% and a negative return on equity of 963.54%.

Institutional Investors Weigh In On Sadot Group

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on SDOT shares. Wall Street Zen lowered Sadot Group to a “strong sell” rating in a research report on Saturday, June 20th. Weiss Ratings lowered shares of Sadot Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 26th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus 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.