SaverOne 2014 Ltd. Sponsored ADR (NASDAQ:SVRE) Short Interest Up 153.3% in April

SaverOne 2014 Ltd. Sponsored ADR (NASDAQ:SVRE) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 17,443 shares, an increase of 153.3% from the April 15th total of 6,886 shares. Based on an average daily volume of 49,020 shares, the short-interest ratio is presently 0.4 days. Currently, 6.7% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of SaverOne 2014 from a “sell (e+)” rating to a “sell (e)” rating in a research report on Tuesday. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

SaverOne 2014 Stock Performance

NASDAQ:SVRE traded down $0.19 during trading hours on Friday, hitting $4.84. 13,833 shares of the company traded hands, compared to its average volume of 42,738. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.34 and a quick ratio of 1.88. The firm’s 50-day simple moving average is $3.80 and its 200-day simple moving average is $8.31. SaverOne 2014 has a one year low of $2.20 and a one year high of $68.28.

SaverOne 2014 (NASDAQ:SVRE) last issued its quarterly earnings data on Friday, March 27th. The company reported ($51.79) earnings per share for the quarter, missing the consensus estimate of ($45.99) by ($5.80). The business had revenue of $0.05 million during the quarter, compared to analyst estimates of $1.84 million.

Insider Activity

In other news, Director Visionwave Holdings, Inc. bought 49,420,800 shares of the business’s stock in a transaction that occurred on Monday, March 30th. The shares were bought at an average cost of $3.00 per share, for a total transaction of $148,262,400.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last quarter, insiders acquired 107,524,800 shares of company stock valued at $322,574,400.

SaverOne 2014 Company Profile

SaverOne 2014 Ltd, a technology company, engages in the design, development, and commercialization of transportation and safety solutions to save lives by preventing car accidents. The company is developing SaverOne Driver Distraction Prevention Solution system, an advanced driver safety solution that can identify and monitor mobile phones located in the driver's vicinity and selectively block use of life-threatening applications; and solutions for detection of vulnerable road users. The company was incorporated in 2014 and is headquartered in Petah Tikva, Israel.