A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) Short Interest Update

A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 3,223,064 shares, an increase of 18.8% from the January 29th total of 2,713,154 shares. Approximately 10.7% of the company’s shares are short sold. Based on an average trading volume of 594,477 shares, the short-interest ratio is presently 5.4 days. Based on an average trading volume of 594,477 shares, the short-interest ratio is presently 5.4 days. Approximately 10.7% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

AZ has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a research note on Wednesday, January 21st. Benchmark restated a “buy” rating on shares of A2Z Cust2Mate Solutions in a report on Monday, January 5th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $20.00.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AZ. ARS Investment Partners LLC acquired a new stake in shares of A2Z Cust2Mate Solutions during the 2nd quarter valued at about $124,000. Osaic Holdings Inc. bought a new position in A2Z Cust2Mate Solutions during the second quarter valued at approximately $146,000. NewEdge Advisors LLC acquired a new stake in A2Z Cust2Mate Solutions in the second quarter valued at approximately $148,000. Red Door Wealth Management LLC acquired a new stake in A2Z Cust2Mate Solutions in the fourth quarter valued at approximately $91,000. Finally, Savant Capital LLC bought a new stake in A2Z Cust2Mate Solutions in the third quarter worth approximately $125,000. 12.64% of the stock is owned by institutional investors and hedge funds.

A2Z Cust2Mate Solutions Stock Down 0.9%

Shares of NASDAQ:AZ opened at $5.48 on Friday. The firm has a fifty day moving average of $6.56 and a two-hundred day moving average of $6.96. A2Z Cust2Mate Solutions has a 12-month low of $5.00 and a 12-month high of $12.36. The firm has a market capitalization of $229.34 million, a P/E ratio of -4.89 and a beta of 1.43.

A2Z Cust2Mate Solutions announced that its board has initiated a share repurchase plan on Wednesday, January 7th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the company to reacquire up to 6.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

A2Z Cust2Mate Solutions Company Profile

A2Z Smart Technologies Corp., a technology company, focuses on the development and commercialization of retail smart cart solutions for grocery stores and supermarkets in Israel and internationally. The company operates through three segments: Precision Metal Parts, Advanced Engineering, and Smart Carts. It offers Cust2Mate system, which incorporates a smart cart that automatically calculates the value of the customers purchases in their smart cart without having to unload and reload their purchases at a customer checkout point.