N2OFF, Inc. (NASDAQ:NITO) Sees Large Drop in Short Interest

N2OFF, Inc. (NASDAQ:NITO) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 8,921 shares, a decline of 58.7% from the November 30th total of 21,589 shares. Based on an average daily volume of 21,737 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the company’s shares are sold short. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 21,737 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on NITO shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of N2OFF in a research note on Wednesday, October 8th. Wall Street Zen raised N2OFF to a “sell” rating in a research report on Saturday, October 4th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Institutional Investors Weigh In On N2OFF

An institutional investor recently bought a new position in N2OFF stock. Yorkville Advisors Global LP acquired a new stake in N2OFF, Inc. (NASDAQ:NITO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 34,980 shares of the company’s stock, valued at approximately $130,000. N2OFF comprises approximately 0.0% of Yorkville Advisors Global LP’s holdings, making the stock its 25th biggest position. Yorkville Advisors Global LP owned approximately 3.68% of N2OFF at the end of the most recent quarter. Institutional investors and hedge funds own 61.24% of the company’s stock.

N2OFF Stock Down 2.6%

Shares of NITO stock traded down $0.06 during mid-day trading on Friday, reaching $2.22. The company’s stock had a trading volume of 6,477 shares, compared to its average volume of 20,942. The firm has a market capitalization of $6.02 million, a PE ratio of -0.07 and a beta of 1.63. The company’s 50 day simple moving average is $3.03 and its 200-day simple moving average is $5.88. N2OFF has a 12-month low of $2.08 and a 12-month high of $122.15.

N2OFF (NASDAQ:NITO) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($8.29) earnings per share for the quarter. N2OFF had a negative return on equity of 223.40% and a negative net margin of 2,420.69%.The business had revenue of $0.07 million for the quarter.

About N2OFF

N2OFF, Inc, an agri-food tech company, engages in the development and sale of eco-friendly green solutions for the food industry to enhance food safety and shelf life of fresh produce. Its products are based on proprietary blend of food acids combined with various oxidizing agent-based sanitizers and low concentrated fungicides for cleaning, sanitizing, and controlling pathogens on fresh produce that are safer for human consumption and extend their shelf life by reducing their decay. The company’s products include SavePROTECT or PeroStar, a processing aid for post-harvest application that is added to fruit and vegetable wash water; and SF3HS and SF3H, a post-harvest cleaning and sanitizing solution to control plant and foodborne pathogens.