Nexera Technologies Ltd. (NASDAQ:NEXR) Shares Shorted: Short Interest Down 69.9% in October

Nexera Technologies Ltd. (NASDAQ:NEXR) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 50,440 shares, a decline of 69.9% from the September 30th total of 167,461 shares. Based on an average daily volume of 106,638 shares, the short-interest ratio is presently 0.5 days. Approximately 18.6% of the shares of the stock are sold short.

Nexera Technologies Price Performance

NEXR traded down $0.07 on Friday, reaching $0.24. The company’s stock had a trading volume of 967,805 shares, compared to its average volume of 1,534,837. Nexera Technologies has a 1 year low of $0.23 and a 1 year high of $569.80. The company has a current ratio of 3.23, a quick ratio of 2.20 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $1.38 and its 200 day moving average is $24.19.

Nexera Technologies (NASDAQ:NEXR) last announced its quarterly earnings data on Monday, August 31st. The company reported ($25.90) earnings per share for the quarter. The business had revenue of $5.21 million for the quarter.

Analysts Set New Price Targets

NEXR has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Nexera Technologies from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 10th. Weiss Ratings upgraded Nexera Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research report on Thursday. Finally, UBS Group restated a “sell” rating on shares of Nexera Technologies in a report on Tuesday. Two research analysts have rated the stock with a Sell rating. According to MarketBeat, Nexera Technologies has a consensus rating of “Sell”.

About Nexera Technologies

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.