Short Interest in Sadot Group Inc. (NASDAQ:SDOT) Increases By 182.3%

Sadot Group Inc. (NASDAQ:SDOT) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 281,500 shares, a growth of 182.3% from the September 30th total of 99,700 shares. Currently, 28.4% of the company’s stock are sold short. Based on an average daily volume of 455,200 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 455,200 shares, the days-to-cover ratio is presently 0.6 days. Currently, 28.4% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Sadot Group in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Sadot Group from a “hold” rating to a “sell” rating in a research report on Sunday, August 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On Sadot Group

A hedge fund recently bought a new stake in Sadot Group stock. Jane Street Group LLC acquired a new position in shares of Sadot Group Inc. (NASDAQ:SDOT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 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 SEC filing. Institutional investors own 13.27% of the company’s stock.

Sadot Group Stock Performance

Shares of NASDAQ SDOT opened at $6.04 on Friday. The stock has a market cap of $6.58 million, a PE ratio of -1.55 and a beta of 0.59. The business has a fifty day moving average of $7.15 and a two-hundred day moving average of $11.06. Sadot Group has a 52-week low of $5.00 and a 52-week high of $57.00.

Sadot Group (NASDAQ:SDOT) last announced its quarterly earnings data on Thursday, August 14th. The company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($1.20). The firm had revenue of $114.39 million for the quarter, compared to the consensus estimate of $195.56 million. Sadot Group had a negative return on equity of 1.18% and a net margin of 0.48%. Analysts predict that Sadot Group will post -0.71 earnings per share for the current 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.