Sadot Group Inc. (NASDAQ:SDOT) Short Interest Up 311.4% in June

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

Sadot Group Stock Performance

SDOT stock traded up $15.27 during trading on Friday, reaching $21.45. The company had a trading volume of 44,380,194 shares, compared to its average volume of 4,276,698. The firm has a 50-day simple moving average of $13.73 and a 200-day simple moving average of $34.36. The company has a market cap of $14.37 million, a price-to-earnings ratio of -0.07 and a beta of 0.46. Sadot Group has a twelve month low of $2.63 and a twelve month high of $460.00.

Sadot Group (NASDAQ:SDOT) last released its earnings results on Friday, May 15th. The company reported ($2.67) earnings per share 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%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wall Street Zen cut shares of Sadot Group to a “strong sell” rating in a 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 note on Tuesday, May 26th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Sadot Group

An institutional investor recently bought a new position in Sadot Group stock. Jane Street Group LLC bought a new stake in Sadot Group Inc. (NASDAQ:SDOT) during the 2nd 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 0.60% of Sadot Group at the end of the most recent reporting period. 13.27% of the stock is currently owned by institutional investors and hedge funds.

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.