Sadot Group Inc. (NASDAQ:SDOT) Short Interest Down 84.6% in May

Sadot Group Inc. (NASDAQ:SDOT) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 23,710 shares, a decrease of 84.6% from the May 14th total of 154,090 shares. Based on an average trading volume of 182,518 shares, the days-to-cover ratio is currently 0.1 days. Currently, 3.6% of the shares of the stock are sold short.

More Sadot Group News

Here are the key news stories impacting Sadot Group this week:

• Positive Sentiment: Sadot Group amended its Anira Consulting acquisition terms to help prevent dilution, which investors may view as a shareholder-friendly move. Sadot Group Amends Anira Deal to Prevent Dilution
• Positive Sentiment: The stock surged after investor attention focused on Sadot Group’s $12 million Anira Consulting acquisition and a recent reverse split, both of which can create strong trading momentum in a small-cap name. Why Sadot Group Stock Is Surging On Wednesday?
• Neutral Sentiment: Short interest data showed a sharp decline in May, suggesting less bearish positioning, though a separate update later showed no reported short interest as of June 9.
• Negative Sentiment: SDOT was repeatedly halted for LULD pauses on June 10 and June 11, signaling extreme intraday volatility and making trading more unstable for investors.

Hedge Funds Weigh In On Sadot Group

A hedge fund recently bought a new stake in Sadot Group stock. Jane Street Group LLC acquired a new stake in Sadot Group Inc. (NASDAQ:SDOT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 44,139 shares of the company’s stock, valued at approximately $58,000. Jane Street Group LLC owned about 0.60% of Sadot Group as of its most recent SEC filing. Hedge funds and other institutional investors own 13.27% of the company’s stock.

Sadot Group Stock Down 12.6%

SDOT traded down $3.53 on Thursday, hitting $24.58. The company had a trading volume of 867,744 shares, compared to its average volume of 992,947. The company has a market cap of $16.47 million, a PE ratio of -0.08 and a beta of 0.46. Sadot Group has a 12-month low of $2.63 and a 12-month high of $460.00. The business’s fifty day simple moving average is $17.89 and its 200 day simple moving average is $37.94.

Sadot Group (NASDAQ:SDOT) last issued its quarterly earnings results on Friday, May 15th. The company reported ($2.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $74.00 by ($76.67). Sadot Group had a negative return on equity of 963.54% and a negative net margin of 37.82%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Sadot Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Sadot Group presently has a consensus rating of “Sell”.

About Sadot Group

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.