N2OFF, Inc. (NASDAQ:NITO) Short Interest Update

N2OFF, Inc. (NASDAQ:NITO) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 8,921 shares, a drop of 58.7% from the November 30th total of 21,589 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 21,737 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 21,737 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the company’s shares are sold short.

N2OFF Price Performance

NASDAQ:NITO opened at $2.28 on Friday. N2OFF has a 1-year low of $2.08 and a 1-year high of $122.15. The firm’s 50-day moving average price is $3.07 and its 200-day moving average price is $5.97. The company has a market capitalization of $6.18 million, a PE ratio of -0.07 and a beta of 1.63.

N2OFF (NASDAQ:NITO) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($8.29) EPS for the quarter. The company had revenue of $0.07 million during the quarter. N2OFF had a negative return on equity of 223.40% and a negative net margin of 2,420.69%.

Institutional Investors Weigh In On N2OFF

A hedge fund recently bought a new stake in N2OFF stock. Yorkville Advisors Global LP purchased a new stake in shares of N2OFF, Inc. (NASDAQ:NITO) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 34,980 shares of the company’s stock, valued at approximately $130,000. N2OFF makes up approximately 0.0% of Yorkville Advisors Global LP’s portfolio, making the stock its 25th biggest position. Yorkville Advisors Global LP owned about 3.68% of N2OFF as of its most recent SEC filing. 61.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on NITO shares. Wall Street Zen raised N2OFF to a “sell” rating in a research note on Saturday, October 4th. Weiss Ratings reissued a “sell (e+)” rating on shares of N2OFF in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

N2OFF Company Profile

N2OFF, Inc, an agri-food tech company, engages in the development and sale of eco-friendly green solutions for the food industry to enhance food safety and shelf life of fresh produce. Its products are based on proprietary blend of food acids combined with various oxidizing agent-based sanitizers and low concentrated fungicides for cleaning, sanitizing, and controlling pathogens on fresh produce that are safer for human consumption and extend their shelf life by reducing their decay. The company’s products include SavePROTECT or PeroStar, a processing aid for post-harvest application that is added to fruit and vegetable wash water; and SF3HS and SF3H, a post-harvest cleaning and sanitizing solution to control plant and foodborne pathogens.