Nexera Technologies Ltd. (NASDAQ:NEXR) Sees Significant Increase in Short Interest

Nexera Technologies Ltd. (NASDAQ:NEXR) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 73,471 shares, an increase of 62.9% from the July 30th total of 45,098 shares. Approximately 27.1% of the shares of the stock are short sold. Based on an average trading volume of 764,049 shares, the days-to-cover ratio is presently 0.1 days.

Nexera Technologies Stock Down 3.6%

NASDAQ NEXR traded down $0.07 during mid-day trading on Monday, hitting $1.86. The stock had a trading volume of 103,447 shares, compared to its average volume of 468,234. The firm’s 50 day moving average is $4.47 and its 200 day moving average is $19.75. Nexera Technologies has a twelve month low of $1.80 and a twelve month high of $847.00. The company has a quick ratio of 0.70, a current ratio of 1.82 and a debt-to-equity ratio of 0.16.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on NEXR shares. Weiss Ratings raised shares of Nexera Technologies from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday. Wall Street Zen raised shares of Nexera Technologies to a “hold” rating in a research note on Saturday, June 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Nexera Technologies Company Profile

Jeffs’ Brands Ltd, together with its subsidiaries, operates as an e-commerce company. It engages in the sale of various consumer products on Amazon online marketplace. The company offers knife-sharpening sets, sharpeners, and nonslip rubber bases under the KnifePlanet brand; steel and soft-tip dart sets under the CC-Exquisite brand; car door and sets protectors for pets under the PetEvo brand; and bag sets and party supply kits for children under the Whoobli brand. It also provides reusable, self-cleansing pet hair removers for cats and dogs under the Wellted brand; and pest control products under the Fort brand.