Sadot Group Inc. (NASDAQ:SDOT – Get Free Report) saw a large growth in short interest during 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. Approximately 14.6% of the company’s shares are sold short. Based on an average trading volume of 6,936,585 shares, the short-interest ratio is presently 0.0 days.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on SDOT. Wall Street Zen lowered Sadot Group to a “strong sell” rating in a research report on Saturday, June 20th. Weiss Ratings lowered Sadot Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.
Check Out Our Latest Report on SDOT
Sadot Group Trading Up 247.1%
Sadot Group (NASDAQ:SDOT – Get Free Report) last issued its quarterly earnings data on Friday, May 15th. The company reported ($2.67) EPS for the quarter, missing the consensus estimate of $74.00 by ($76.67). Sadot Group had a negative return on equity of 963.54% and a negative net margin of 37.82%.
Hedge Funds Weigh In On Sadot Group
An institutional investor recently bought a new position in Sadot Group stock. Jane Street Group LLC bought a new position in shares of Sadot Group Inc. (NASDAQ:SDOT – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 44,139 shares of the company’s stock, valued at approximately $58,000. Jane Street Group LLC owned approximately 0.60% of Sadot Group as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 13.27% of the company’s stock.
Sadot Group Company Profile
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.
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