Sadot Group Inc. (NASDAQ:SDOT) Short Interest Down 62.4% in December

Sadot Group Inc. (NASDAQ:SDOT) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 31,180 shares, a drop of 62.4% from the November 30th total of 82,889 shares. Based on an average daily trading volume, of 35,725 shares, the days-to-cover ratio is currently 0.9 days. Approximately 2.6% of the company’s stock are short sold. Approximately 2.6% of the company’s stock are short sold. Based on an average daily trading volume, of 35,725 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On Sadot Group

An institutional investor recently bought a new position in Sadot Group stock. Jane Street Group LLC purchased a new stake in Sadot Group Inc. (NASDAQ:SDOT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 44,139 shares of the company’s stock, valued at approximately $58,000. Jane Street Group LLC owned 0.60% of Sadot Group as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 13.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Sadot Group in a research report on Monday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Sadot Group Stock Performance

Shares of SDOT stock traded up $0.28 during trading on Friday, hitting $1.89. The company had a trading volume of 384,917 shares, compared to its average volume of 139,990. The firm has a market capitalization of $2.43 million, a P/E ratio of -0.13 and a beta of 0.63. Sadot Group has a one year low of $1.20 and a one year high of $40.80. The stock’s 50-day moving average price is $3.94 and its 200 day moving average price is $8.09.

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

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.