Short Interest in Caring Brands, Inc. (NASDAQ:CABR) Grows By 1,337.5%

Caring Brands, Inc. (NASDAQ:CABR) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 6,138 shares, a growth of 1,337.5% from the July 30th total of 427 shares. Based on an average trading volume of 137,498 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the company’s stock are sold short.

Caring Brands Stock Down 4.8%

Shares of Caring Brands stock traded down $0.07 during trading on Tuesday, reaching $1.28. The company’s stock had a trading volume of 37,511 shares, compared to its average volume of 105,325. The company has a 50-day simple moving average of $1.36 and a two-hundred day simple moving average of $1.14. The company has a quick ratio of 4.93, a current ratio of 4.96 and a debt-to-equity ratio of 0.03. Caring Brands has a 1-year low of $0.71 and a 1-year high of $5.35. The company has a market cap of $13.33 million and a price-to-earnings ratio of -1.74.

Caring Brands (NASDAQ:CABR) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.10) earnings per share for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Caring Brands from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 11th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Caring Brands stock. Jane Street Group LLC acquired a new stake in shares of Caring Brands, Inc. (NASDAQ:CABR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 34,446 shares of the company’s stock, valued at approximately $30,000. Jane Street Group LLC owned about 0.25% of Caring Brands at the end of the most recent reporting period.

Caring Brands Company Profile

We are a wellness consumer products company. We offer several over-the-counter, or (OTC) and cosmetic, consumer products. Our method of operation is to ensure that (1) the mechanism of action of all products is established, (2) efficacy is determined through controlled clinical trials, (3) products are protected by issued and filed patents, and (4) products have acceptable commercial stability. Prior to its Q3 2022 commercial launch in India as a treatment for vitiligo and psoriasis, Photocil was briefly launched in the United States markets from December 2022 until February 2023, however, was subsequently removed from the market due to insufficient sales resulting from the lack of a dedicated sales and marketing team.