Caring Brands, Inc. (NASDAQ:CABR) Sees Significant Decline in Short Interest

Caring Brands, Inc. (NASDAQ:CABR) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 6,427 shares, a decrease of 65.3% from the September 15th total of 18,496 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 19,627 shares, the short-interest ratio is currently 0.3 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Caring Brands in a research report on Tuesday, September 8th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Caring Brands Stock Performance

Shares of CABR stock traded down $0.09 during trading on Wednesday, hitting $1.25. 42,701 shares of the company were exchanged, compared to its average volume of 92,249. The firm has a market capitalization of $13.01 million and a price-to-earnings ratio of -1.70. The business’s 50-day simple moving average is $1.29 and its 200 day simple moving average is $1.24. Caring Brands has a twelve month low of $0.71 and a twelve month high of $5.35.

Caring Brands (NASDAQ:CABR) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.10) EPS for the quarter.

Institutional Investors Weigh In On Caring Brands

An institutional investor recently bought a new stake in Caring Brands stock. Susquehanna International Group LLP purchased a new stake in shares of Caring Brands, Inc. (NASDAQ:CABR) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 20,771 shares of the company’s stock, valued at approximately $26,000. Susquehanna International Group LLP owned approximately 0.20% of Caring Brands as of its most recent SEC filing.

About Caring Brands

Caring Brands International, Inc is a home care company that supports a network of businesses providing in-home assistance and related care services. Its services are designed to help older adults, individuals with disabilities and others who need support with daily activities remain safely and comfortably in their homes.

The company’s offerings generally include companionship, personal care, help with daily living activities and respite support for family caregivers. Caring Brands operates through home care brands and franchise locations, which deliver services in local communities and coordinate care based on clients’ individual needs.

Through its franchise-based model, Caring Brands provides local operators with branding, business support, training and operational resources while expanding access to non-medical home care services.