Caring Brands, Inc. (NASDAQ:CABR) Stock Short Interest Report for September

Caring Brands, Inc. (NASDAQ:CABR) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 6,427 shares, a drop of 65.3% from the September 15th total of 18,496 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 19,627 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Caring Brands stock. Susquehanna International Group LLP purchased a new stake in shares of Caring Brands, Inc. (NASDAQ:CABR) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 20,771 shares of the company’s stock, valued at approximately $26,000. Susquehanna International Group LLP owned about 0.20% of Caring Brands as of its most recent SEC filing.

Caring Brands Trading Up 12.1%

NASDAQ:CABR traded up $0.14 during trading hours on Monday, reaching $1.30. 51,681 shares of the company traded hands, compared to its average volume of 92,631. The business’s 50-day moving average price is $1.30 and its two-hundred day moving average price is $1.23. Caring Brands has a 1 year low of $0.71 and a 1 year high of $5.35. The stock has a market capitalization of $13.48 million and a P/E ratio of -1.76.

Caring Brands (NASDAQ:CABR) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.10) earnings per share for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Caring Brands in a research note on Tuesday, September 8th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has an average rating of “Sell”.

Caring Brands Company Profile

Caring Brands International, Inc is a home care company that supports a network of businesses providing in-home assistance and related care services. Its services are designed to help older adults, individuals with disabilities and others who need support with daily activities remain safely and comfortably in their homes.

The company’s offerings generally include companionship, personal care, help with daily living activities and respite support for family caregivers. Caring Brands operates through home care brands and franchise locations, which deliver services in local communities and coordinate care based on clients’ individual needs.

Through its franchise-based model, Caring Brands provides local operators with branding, business support, training and operational resources while expanding access to non-medical home care services.