Short Interest in Sadot Group Inc. (NASDAQ:SDOT) Increases By 276.7%

Sadot Group Inc. (NASDAQ:SDOT) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 154,090 shares, an increase of 276.7% from the April 30th total of 40,907 shares. Based on an average daily volume of 54,170,802 shares, the short-interest ratio is presently 0.0 days. Approximately 8.4% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Sadot Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sadot Group stock. Jane Street Group LLC purchased a new position in Sadot Group Inc. (NASDAQ:SDOT) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 44,139 shares of the company’s stock, valued at approximately $58,000. Jane Street Group LLC owned approximately 0.60% of Sadot Group as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 13.27% of the company’s stock.

Sadot Group Price Performance

NASDAQ SDOT traded down $0.46 during trading hours on Friday, hitting $2.73. The company had a trading volume of 306,118 shares, compared to its average volume of 1,570,424. Sadot Group has a fifty-two week low of $2.63 and a fifty-two week high of $460.00. The company has a market capitalization of $1.83 million, a price-to-earnings ratio of -0.18 and a beta of 0.75. The firm’s 50 day moving average is $21.24 and its 200 day moving average is $42.45.

Sadot Group (NASDAQ:SDOT) last announced its quarterly earnings results on Friday, May 15th. The company reported ($53.40) earnings per share (EPS) for the quarter, missing the consensus estimate of $74.00 by ($127.40). Sadot Group had a negative net margin of 37.82% and a negative return on equity of 963.54%.

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.