Sadot Group Inc. (NASDAQ:SDOT) Short Interest Down 84.6% in May

Sadot Group Inc. (NASDAQ:SDOT) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 23,710 shares, a decline of 84.6% from the May 14th total of 154,090 shares. Based on an average daily volume of 182,518 shares, the short-interest ratio is presently 0.1 days. Currently, 3.6% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Sadot Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Sadot Group presently has a consensus rating of “Sell”.

Institutional Trading of Sadot Group

A hedge fund recently bought a new stake in Sadot Group stock. Jane Street Group LLC acquired a new stake in Sadot Group Inc. (NASDAQ:SDOT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,139 shares of the company’s stock, valued at approximately $58,000. Jane Street Group LLC owned about 0.60% of Sadot Group as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 13.27% of the company’s stock.

Sadot Group Price Performance

NASDAQ SDOT traded up $14.05 during trading hours on Wednesday, hitting $27.55. 164,212 shares of the company’s stock traded hands, compared to its average volume of 963,984. The company has a market capitalization of $18.46 million, a PE ratio of -0.09 and a beta of 0.46. Sadot Group has a 52-week low of $2.63 and a 52-week high of $460.00. The firm’s 50-day moving average is $17.95 and its 200-day moving average is $38.12.

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

About Sadot Group

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.