Nexera Technologies Ltd. (NASDAQ:NEXR) Sees Large Drop in Short Interest

Nexera Technologies Ltd. (NASDAQ:NEXR) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 29,216 shares, a decrease of 79.8% from the June 30th total of 144,870 shares. Based on an average trading volume of 361,670 shares, the short-interest ratio is currently 0.1 days. Currently, 1.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

NEXR has been the subject of a number of research analyst reports. Wall Street Zen raised Nexera Technologies to a “hold” rating in a report on Saturday, June 27th. Weiss Ratings raised Nexera Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Nexera Technologies Trading Down 7.4%

Shares of NASDAQ:NEXR traded down $0.03 during trading on Friday, hitting $0.33. 353,994 shares of the stock were exchanged, compared to its average volume of 1,071,037. The company has a fifty day moving average price of $0.81 and a two-hundred day moving average price of $3.51. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.82 and a quick ratio of 0.70. Nexera Technologies has a 12-month low of $0.32 and a 12-month high of $108.50.

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.