Short Interest in A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) Increases By 51.2%

A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 1,200,000 shares, a growth of 51.2% from the September 15th total of 793,400 shares. Based on an average daily volume of 308,800 shares, the short-interest ratio is currently 3.9 days. Currently, 9.3% of the shares of the stock are short sold. Currently, 9.3% of the shares of the stock are short sold. Based on an average daily volume of 308,800 shares, the short-interest ratio is currently 3.9 days.

Institutional Trading of A2Z Cust2Mate Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in AZ. Hohimer Wealth Management LLC bought a new stake in shares of A2Z Cust2Mate Solutions during the first quarter worth about $141,000. Woodward Diversified Capital LLC bought a new stake in shares of A2Z Cust2Mate Solutions during the first quarter worth about $143,000. Corsair Capital Management L.P. bought a new stake in shares of A2Z Cust2Mate Solutions during the first quarter worth about $157,000. Alyeska Investment Group L.P. bought a new stake in shares of A2Z Cust2Mate Solutions during the first quarter worth about $8,514,000. Finally, Philadelphia Financial Management of San Francisco LLC bought a new stake in shares of A2Z Cust2Mate Solutions during the first quarter worth about $2,242,000. 12.64% of the stock is currently owned by institutional investors.

A2Z Cust2Mate Solutions Stock Down 6.2%

A2Z Cust2Mate Solutions stock opened at $6.71 on Wednesday. A2Z Cust2Mate Solutions has a 12-month low of $3.93 and a 12-month high of $12.36. The business’s 50-day moving average price is $8.24 and its two-hundred day moving average price is $8.87. The stock has a market cap of $280.81 million, a PE ratio of -5.59 and a beta of 1.39.

A2Z Cust2Mate Solutions (NASDAQ:AZ) last released its earnings results on Wednesday, August 13th. The company reported ($0.31) earnings per share (EPS) for the quarter. A2Z Cust2Mate Solutions had a negative net margin of 479.28% and a negative return on equity of 187.41%. The business had revenue of $1.16 million during the quarter.

Wall Street Analysts Forecast Growth

AZ has been the topic of a number of recent analyst reports. Wall Street Zen cut A2Z Cust2Mate Solutions from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 16th. Weiss Ratings restated a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $20.00.

About A2Z Cust2Mate Solutions

A2Z Smart Technologies Corp., a technology company, focuses on the development and commercialization of retail smart cart solutions for grocery stores and supermarkets in Israel and internationally. The company operates through three segments: Precision Metal Parts, Advanced Engineering, and Smart Carts.