Short Interest in N2OFF, Inc. (NASDAQ:NITO) Drops By 50.8%

N2OFF, Inc. (NASDAQ:NITO) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 4,391 shares, a decrease of 50.8% from the December 15th total of 8,921 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 34,525 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 34,525 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Trading of N2OFF

An institutional investor recently bought a new position in N2OFF stock. Yorkville Advisors Global LP bought a new stake in N2OFF, Inc. (NASDAQ:NITO) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 34,980 shares of the company’s stock, valued at approximately $130,000. N2OFF makes up about 0.0% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 25th biggest holding. Yorkville Advisors Global LP owned 3.68% of N2OFF at the end of the most recent quarter. Institutional investors and hedge funds own 61.24% of the company’s stock.

N2OFF Stock Down 7.4%

NITO stock traded down $0.13 during mid-day trading on Friday, hitting $1.62. The company had a trading volume of 84,736 shares, compared to its average volume of 123,989. The company has a 50-day moving average price of $2.47 and a 200 day moving average price of $5.14. N2OFF has a 12-month low of $1.40 and a 12-month high of $53.55. The company has a market capitalization of $4.39 million, a price-to-earnings ratio of -0.05 and a beta of 1.67.

N2OFF (NASDAQ:NITO) last issued its quarterly earnings data on Thursday, November 13th. The company reported ($8.29) earnings per share for the quarter. The firm had revenue of $0.07 million during the quarter.

Analyst Ratings Changes

NITO has been the subject of several recent analyst reports. Wall Street Zen raised shares of N2OFF to a “sell” rating in a report on Saturday, October 4th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of N2OFF in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average 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.