Sadot Group Inc. (NASDAQ:SDOT) Short Interest Update

Sadot Group Inc. (NASDAQ:SDOT) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 79,582 shares, an increase of 155.2% from the December 15th total of 31,180 shares. Based on an average trading volume of 235,979 shares, the short-interest ratio is currently 0.3 days. Approximately 6.6% of the shares of the stock are short sold. Approximately 6.6% of the shares of the stock are short sold. Based on an average trading volume of 235,979 shares, the short-interest ratio is currently 0.3 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Sadot Group in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Sadot Group Trading Down 3.3%

NASDAQ:SDOT opened at $3.13 on Thursday. The stock has a market capitalization of $4.04 million, a P/E ratio of -0.21 and a beta of 0.72. Sadot Group has a 1 year low of $1.17 and a 1 year high of $35.80. The firm has a 50 day moving average of $2.86 and a 200-day moving average of $6.78.

Sadot Group (NASDAQ:SDOT) last released its quarterly earnings results on Wednesday, November 19th. The company reported ($17.38) earnings per share for the quarter, missing analysts’ consensus estimates of $2.10 by ($19.48). The business had revenue of $0.29 million for the quarter, compared to analyst estimates of $180.40 million. Sadot Group had a negative net margin of 2.81% and a negative return on equity of 41.55%. As a group, analysts forecast that Sadot Group will post -0.71 EPS for the current fiscal year.

Institutional Investors Weigh In On Sadot Group

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

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.