Short Interest in Nexera Technologies Ltd. (NASDAQ:NEXR) Drops By 95.3%

Nexera Technologies Ltd. (NASDAQ:NEXR) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 41,074 shares, a drop of 95.3% from the May 31st total of 868,001 shares. Approximately 1.7% of the company’s shares are short sold. Based on an average trading volume of 13,359,998 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on NEXR shares. Weiss Ratings upgraded shares of Nexera Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research report on Thursday, June 11th. Wall Street Zen upgraded shares of Nexera Technologies to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Nexera Technologies Stock Performance

Nexera Technologies stock traded down $0.29 during mid-day trading on Friday, hitting $0.81. The company’s stock had a trading volume of 10,672,732 shares, compared to its average volume of 27,269,376. The firm’s 50 day moving average is $1.36 and its 200 day moving average is $5.65. The company has a quick ratio of 0.70, a current ratio of 1.82 and a debt-to-equity ratio of 0.16. Nexera Technologies has a 52-week low of $0.54 and a 52-week high of $115.50.

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.