Save Foods, Inc. (NASDAQ:SVFD) Short Interest Up 117.9% in December

Save Foods, Inc. (NASDAQ:SVFD) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 6,100 shares, an increase of 117.9% from the December 15th total of 2,800 shares. Based on an average daily trading volume, of 34,400 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the shares of the company are short sold.

Shares of NASDAQ SVFD opened at $4.40 on Friday. Save Foods has a twelve month low of $3.67 and a twelve month high of $30.10. The stock has a 50 day moving average of $5.47 and a two-hundred day moving average of $7.22.

Save Foods (NASDAQ:SVFD) last issued its quarterly earnings data on Monday, November 15th. The company reported ($0.46) earnings per share for the quarter. Save Foods had a negative net margin of 734.41% and a negative return on equity of 103.14%. The firm had revenue of $0.07 million during the quarter.

A number of hedge funds and other institutional investors have recently modified their holdings of SVFD. Psagot Investment House Ltd. purchased a new stake in Save Foods in the second quarter valued at approximately $996,000. Kepos Capital LP purchased a new stake in shares of Save Foods during the second quarter worth approximately $792,000. Noked Capital LTD purchased a new stake in shares of Save Foods during the second quarter worth approximately $598,000. Finally, North Star Investment Management Corp. raised its stake in shares of Save Foods by 295.5% during the third quarter. North Star Investment Management Corp. now owns 26,769 shares of the company’s stock worth $172,000 after purchasing an additional 20,000 shares during the last quarter. Institutional investors own 14.44% of the company’s stock.

Save Foods Company Profile

Save Foods, Inc engages in the research and development of green solutions for extending storability and shelf life of vegetables and fruits. The company was founded by Nimrod Ben-Yehuda on April 1, 2009 and is headquartered in Haifa, Israel.

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