Sadot Group Inc. (NASDAQ:SDOT) Short Interest Up 83.5% in August

Sadot Group Inc. (NASDAQ:SDOT) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 122,776 shares, a growth of 83.5% from the August 15th total of 66,907 shares. Based on an average daily volume of 4,981,218 shares, the days-to-cover ratio is presently 0.0 days. Approximately 9.4% of the shares of the stock are sold short.

Sadot Group Stock Up 0.2%

NASDAQ:SDOT traded up $0.03 during mid-day trading on Thursday, reaching $12.46. The company’s stock had a trading volume of 34,627 shares, compared to its average volume of 1,668,608. Sadot Group has a 1 year low of $2.63 and a 1 year high of $260.40. The stock has a fifty day moving average of $14.94 and a 200-day moving average of $21.22. The firm has a market capitalization of $16.45 million, a PE ratio of -0.03 and a beta of -1.46.

Sadot Group (NASDAQ:SDOT) last posted its quarterly earnings results on Friday, August 14th. The company reported $71.58 EPS for the quarter. Sadot Group had a negative net margin of 37.82% and a negative return on equity of 963.54%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wall Street Zen raised Sadot Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sadot Group in a report on Friday, August 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Sadot Group presently 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.