Sadot Group Inc. (NASDAQ:SDOT) Sees Significant Drop in Short Interest

Sadot Group Inc. (NASDAQ:SDOT) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 78,000 shares, a drop of 46.6% from the August 31st total of 146,000 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 225,700 shares, the short-interest ratio is presently 0.3 days.

Sadot Group Price Performance

SDOT traded up $0.03 on Thursday, hitting $0.41. The company had a trading volume of 205,293 shares, compared to its average volume of 234,068. Sadot Group has a 52-week low of $0.22 and a 52-week high of $0.84. The stock has a fifty day simple moving average of $0.43 and a 200-day simple moving average of $0.37. The firm has a market capitalization of $23.29 million, a P/E ratio of -2.10 and a beta of 1.01.

Sadot Group (NASDAQ:SDOT) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). Sadot Group had a negative net margin of 0.76% and a negative return on equity of 19.05%. The business had revenue of $175.04 million during the quarter, compared to analyst estimates of $168.00 million. Equities research analysts expect that Sadot Group will post 0.04 earnings per share for the current fiscal year.

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.