Nexera Technologies Ltd. (NASDAQ:NEXR) Short Interest Up 2,596.2% in May

Nexera Technologies Ltd. (NASDAQ:NEXR) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 868,001 shares, a growth of 2,596.2% from the May 14th total of 32,193 shares. Based on an average daily volume of 8,617,209 shares, the short-interest ratio is currently 0.1 days. Approximately 273.0% of the shares of the stock are short sold.

Nexera Technologies Stock Performance

Shares of NASDAQ NEXR traded down $0.13 during mid-day trading on Tuesday, hitting $0.80. 1,720,660 shares of the company’s stock traded hands, compared to its average volume of 11,144,766. The company has a quick ratio of 0.70, a current ratio of 1.82 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average is $1.71 and its two-hundred day moving average is $7.65. Nexera Technologies has a 1 year low of $0.80 and a 1 year high of $149.94.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Nexera Technologies from a “sell (e+)” rating to a “sell (e)” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Nexera Technologies Company Profile

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.