Sadot Group Inc. (NASDAQ:SDOT) Sees Large Increase in Short Interest

Sadot Group Inc. (NASDAQ:SDOT) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 122,776 shares, a growth of 83.5% from the August 15th total of 66,907 shares. Based on an average daily volume of 4,981,218 shares, the days-to-cover ratio is presently 0.0 days. Currently, 9.4% of the company’s stock are sold short.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Sadot Group in a report on Friday, August 21st. Wall Street Zen upgraded Sadot Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Sadot Group has an average rating of “Sell”.

Sadot Group Stock Performance

Shares of NASDAQ:SDOT traded up $0.18 during trading on Wednesday, hitting $11.87. 17,620 shares of the stock were exchanged, compared to its average volume of 1,677,340. The company has a market capitalization of $15.67 million, a price-to-earnings ratio of -0.03 and a beta of -1.46. The company’s fifty day simple moving average is $15.10 and its 200-day simple moving average is $21.44. Sadot Group has a 1-year low of $2.63 and a 1-year high of $260.40.

Sadot Group (NASDAQ:SDOT) last announced its quarterly earnings data on Friday, August 14th. The company reported $71.58 earnings per share (EPS) for the quarter. Sadot Group had a negative net margin of 37.82% and a negative return on equity of 963.54%.

Sadot Group Company Profile

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.